*chuckle*

*chuckle*.. so was I, mate!No worries!

Long shorter-dated options AND short longer-dated options.That's one example, I suppose.

<t>QuoteOriginally posted by: Gmike2000....The places that are behind are those where knowledge is not distributed easily and where every quant/trader has to reinvent the wheel, just because he is not aware that some function already exists in the library, or because he has to spend hours going thru...

QuoteOriginally posted by: flairplayThe best documentation is a model that is implemeted.In my experience, those places that are behind are the ones who talk endlessly about procedures, documentations etc. TThere is an opportunity cost, and there are balances to be struck.Amen to this.

<t>QuoteOriginally posted by: flairplayIn FX you dont make prices, you make vols. The prices are then computed using BS formulas for vanillas.Exactly. We normally use BS to convert IV to premium and not to derive the IV itself. Enginkuru: if your only concern is that banks are not transparent with t...

<t>QuoteOriginally posted by: enginkuruok I understand the logic of this and I agree in general, but the vols (prices) are even identical in intraday terms and it seems unlikley to me that they are arriving to a unique price with arbitage trading like it is done for forex quotes. This may be true to...

<t>Your bank does not have a system to manage your positions, maintain P&L etc? Like Murex, Sungard etc?As for your other concerns, maybe you can try going thru the following, in no particular order:1. Financial Risk Management - Allen S2. Options: Trading Strategy and Risk Management - Vine SYo...

<t>QuoteOriginally posted by: AnnaBeginsI would disagree with imranyusof's last comment. Thinly traded options should exhibit a greater skew - as traders will have more difficulty replicating deep OTM or ITM positions. Therefore, the traders will require compensation for risking their capital and pu...

<t>Correct me if I'm wrong: I imagine that a smile is in part a function of the kurtosis (derived from actual OTM 25d/10d butterfly spreads over ATM). So I guess a "pronounced" smile is a result of wider fly spreads above (or sometimes below) ATM levels. I think a wider butterfly spread-over-ATM (i....

1. Are you an options trader or a salesperson?2. Is your bank new to the FX deriv business?3. What is your own trading background?4. Are you looking to sell exotics as well as plain vanilla?Anyone can give you broad tips. It might help if you were more specific.Cheers mate!

Cheers!

Not gone for good, I hope?

Use BU to sign up for brief lunchtime classes. Just select your home city, and sign up for one of their basic mini-courses.Their programmes range from the "for dummies" to the more advanced talks covering Excel APIs etc.Cheers!

<t>You should just cold call the Far East dealing rooms and ask what they want by way of quants. Test the market, in other words.My impression is that up-and-coming regional banking groups are probably on the look-out for the kind of quants normally snapped up by the more-established Western outfits...