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Any bank will provide it's buy side customers research and in many cases software or at least web applications to evaluate and price securities which are over t
by JackFr 10y ago
Any bank will provide it's buy side customers research and in many cases software or at least web applications to evaluate and price securities which are over the counter and/or illiquid. It's not just courtesy; it's necessary if you want to buy and sell the stuff.
However, a customer who blindly puts their trading book onto some Goldman application isn't smart enough to do business with Goldman.
As someone who worked at a large bank providing month-end marks for customers (as a 'courtesy'), we knew that we were basically just seeing the stuff we had sold them, and at most half of any other positions they asked for were actually bonds they owned.
- Keyframe 10y agoYou could also use anonimized data from people doing search/research to see where the action will be or something like it.