What is this Product for?

ronm · November 18th, 2015, 5:18 pm

Hi,Have anyone of you come across a product called "Hybrid Triple Basket Timer"? What is the risk profile? Why traders trade this product.I made a quick search in Google, however could not find anything meaningful.Appreciate your pointer.Thanks,

daveangel · November 19th, 2015, 7:19 am

never heard of it. do you have a termsheet ? as to why traders trade this product I can only say that they don't. these things are "engineered" to generate fees.