Hi,
does anybody understand the key point(s) of the LOS 44.p ?
Why trading is based on word of honor (and not rules or laws) ?
Why trading between buy-side and sell-side traders is becoming MORE adversarial ? If sell-side are dealers and buy-side are traders. It's normal that they are adversial (one looses while the other wins)
I have read the Stalla, the Schweser and the CFAI book and I understand none of them.
Thanks in advance. |