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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: fswep who wrote (362)	12/1/2000 5:49:40 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 12411

Hi Ward, Vigorish is the Yiddish term for commissions. A real drag on profitability, especially in an opaque market like off-the-run bonds. Best, Ray

To: fswep who wrote (362)	12/2/2000 9:48:25 AM
From: Patrick Slevin	Respond to of 12411

Along with Ray's explanation, I think I may be the one who started using the term years ago on either the Systems Thread for Futures or even earlier on a Stock thread many of us met on around 1996. The reason I started using the term is because I view commissions somewhat along the lines that Eddie Murphy did in the movie "Trading Places". It's like paying a bookie. When you gamble with a bookie there is a "vig", or vigorish. It's the cut that the bookie makes for taking the action.