for discussion : implementing definition of trading office this is the memo i was referring to -
- - - - - - - - - - - - - - - - - - - - - - forwarded by brent a price / hou / ect on 21 / 06 / 2000 17 : 02
- - - - - - - - - - - - - - - - - - - - - - - - - - -
richard sage
21 / 06 / 2000 13 : 38
to : brent a price / hou / ect @ ect
cc :
subject : for discussion : implementing definition of trading office
i . e . very draft !
what are your thoughts ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard sage / lon / ect on 21 / 06 / 2000 13 : 40
- - - - - - - - - - - - - - - - - - - - - - - - - - -
richard sage
21 / 06 / 2000 07 : 35
to : mike jordan / lon / ect @ ect , andrew cornfield / lon / ect @ ect , naomi
connell / lon / ect @ ect , phil redman / lon / ect @ ect , tim
poullain - patterson / lon / ect @ ect
cc :
subject : for discussion : implementing definition of trading office
i was going to write that the buying and selling of physical commodity
locally was ok , but that hedging had to be done with regional hub . the
problem with this model is that it describes helsinki before the bust !
another possiblity is the agency model , where the local trader acts under the
direction of the hub trader . this is where helsinki currently is ( although we
also have an independent manager on site ) . however , i am not so happy with
this , and rick causey certainly does not like it . perhaps we should recommend
independent risk managers in every office , but all correspondence and
settlement with regional hub ?
for discussion : implementing definition of trading office
this is the memo i was referring to -
- - - - - - - - - - - - - - - - - - - - - - forwarded by brent a price / hou / ect on 21 / 06 / 2000 17 : 02
- - - - - - - - - - - - - - - - - - - - - - - - - - -
richard sage
21 / 06 / 2000 13 : 38
to : brent a price / hou / ect @ ect
cc :
subject : for discussion : implementing definition of trading office
i . e . very draft !
what are your thoughts ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard sage / lon / ect on 21 / 06 / 2000 13 : 40
- - - - - - - - - - - - - - - - - - - - - - - - - - -
richard sage
21 / 06 / 2000 07 : 35
to : mike jordan / lon / ect @ ect , andrew cornfield / lon / ect @ ect , naomi
connell / lon / ect @ ect , phil redman / lon / ect @ ect , tim
poullain - patterson / lon / ect @ ect
cc :
subject : for discussion : implementing definition of trading office
i was going to write that the buying and selling of physical commodity
locally was ok , but that hedging had to be done with regional hub . the
problem with this model is that it describes helsinki before the bust !
another possiblity is the agency model , where the local trader acts under the
direction of the hub trader . this is where helsinki currently is ( although we
also have an independent manager on site ) . however , i am not so happy with
this , and rick causey certainly does not like it . perhaps we should recommend
independent risk managers in every office , but all correspondence and
settlement with regional hub ?