View Single Post
Old 17-08-2004, 08:04   #15
rezo_s
level 3
 
rezo_s's Avatar
 
Join Date: May 2003
Posts: 2,467
Downloads: 0
Uploads: 0
Rep Power: 0rezo_s is an unknown quantity at this point
to get more into this topic, they actually claim that they offset their trades with interbank and in order to be able to do that with clients orders coming in, they have to have wider spread in order to be physically able to do that... they (Refco) claim there was a mistake on NFP day - their problem. Why would they take money from the clients for that...? even someone used the situation - is it traders fault? did the trader make something wrong if he saw Refco offering something at good price and bought it...? nope...
rezo_s is offline   Reply With Quote