Ask me about working with derivatives for \'retail\' clients
I worked for some years for two large I-banks with good PCS/HNW retail divisons. I sold to, and traded for, very high-net-worth clients [generally $100mm+ and up] various derivatives, and structured products, including interest rate notes, swaps, currencies, collars for equities and FX, etc. Not as a broker, I worked with the PCS gang, but I was paid salary+ year-end bonus, not 30-40% commission like they got.
Many of these clients just liked to trade very large sums of money, often using leverage, even if they had no perceived 'edge,' in whatever market was hot or on the front page of the WSJ, so we obliged them.
Ask away.
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