Alpha Exchange

Welcome to Part 3 of “20 Things to do Before You Ask for a Price”. To review, “20 Things” is a to-do list I developed more than 2 decades ago while running a derivative sales team. The desk committed a substantial amount of capital in pursuit of business, which made it easy to win trades but also easy to lose money in the process of winning those trades.  20 Things was about playing defense and offense simultaneously by requiring the salesperson to be an active part of the price discovery process. While the trader would ultimately make the price and bear the risk, the salesperson, through 20 Things, could be a valuable part of the process. The result: better risk taking and a more sustainable business.  Here are things 11-15.  I hope you enjoy and find this useful. I wish you an excellent Thanksgiving holiday.11. Corporate action? Is this stock a deal name or subject to some other corporate action?  Use the CACS function on Bloomberg to look for corporate actions. Deal names can have very unique implied distr