:11:23
Fernando. Anything happening in Tokyo?
:11:26
Nothin'. How's SlMEX?
:11:29
Same here. No one's playin'.
:11:31
590, and trading small.
:11:33
600, and thin too.
:11:37
580 here. There's a seller who wants
to trade in size. Shall l low-tick him?
:11:41
Yeah. Flush him out.
:11:43
- Squeeze the sucker.
- How many?
:11:46
200.
:11:47
Buy them... now.
:11:49
- Buy 'em!
- Filled!
:11:52
We paid 580 for 200.
:11:54
Way to go, Nick! l sold at 590.
:11:57
Fuck a duck! Just made 2,000 quid.
:11:59
Yes!
:12:01
# ''Money'' continues
:12:07
They were a good bunch
and they were keen to learn.
:12:11
lt looked like a madhouse with
all the traders waving and shouting,...
:12:15
..but it all made sense
once you got the hang of it.
:12:18
There were hiccups,
but that's normal in any operation,...
:12:21
..especially a new one like ours.
:12:25
The important thing was
we were picking up the business...
:12:28
..and the future looked rosy.
:12:42
Nick, what's the difference between
initial margin and variation margin?
:12:47
lnitial margin's a down payment
on each futures contract that we trade.
:12:51
We don't pay in full
until a contract matures.
:12:53
But in the meantime the value of
each contract may go up or down.
:12:57
So SlMEX calculate our positions
on a daily basis.