Latest / The Trading Floor with David Axtell
Episode 15: Operational Risk on an Options Desk
Some of the largest losses on a derivatives desk come from process rather than market direction. This episode covers confirmations, settlement, controls, documentation and operational failure.This episode is part of FX Options Daily, a 30-day themed season of The Trading Floor covering pricing, hedging, exotics, risk and institutional FX options practice.Full treatment: Chapter 15 of FX Options.Educational content only. Nothing in this episode constitutes investment advice.
The skinny
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