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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Paul Berliner who wrote (1960)7/12/1999 7:23:00 PM
From: Daniel Chisholm  Read Replies (2) | Respond to of 3536
 
OT, is the Hull options MM firm any relation to the Hull who wrote a book(s) on options?

- Daniel



To: Paul Berliner who wrote (1960)7/12/1999 9:04:00 PM
From: TAPDOG  Respond to of 3536
 
Paul, It looks like Goldman plans to be the market maker of last resort, especially in illiquid or exotic options. It's actually a hedge against financial crisis or market collapse. Market-makers with deep pockets make a lot of money from the wide spreads in a panicked market when everyone else is trying to dump or make margin calls.
GS seems to be making good use of the IPO cash and stock. The price seems rich, however. Does anyone think the valuation is seasonable?