INDUSTRY S2 Explained: Harper vs Rishi - the FastAid Trade (Gamestop inspired)
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- čas přidán 27. 05. 2024
- The Intensity of a trade between Harper and Rishi in Industry Season 2!
We delve deep into a complex world of high-stakes trading and break down the mechanism of a £1.7bn trade, where Bloom goes short FastAid (similar to the GameStop scenario). We also question the logic behind Harper's aggressive role and if it's legal or realistic!
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KEY FINANCIAL CONCEPTS IN THIS VIDEO
Short vs Long
Hedge Fund
GameStop
Market maker
OTC - Over the Counter Execution
MIFID and best execution
P&L
Block Trades
Bid-Offer Spread
TIMESTAMP
00:00 The Fastaid Trade in Industry Season 2 Episode 6
00:56 The Strategy: Cheating the Trader
01:24 The Trade Execution
03:35 The Aftermath of the Trade
04:29 Understanding the Impact of the Trade
05:22 The Reality of Block Trades for Individual Investors
06:04 Reflections on the Scene and Financial Markets
Retail trading is already tough to grasp this os really on another level. I have to watch this couple of times
Welcome back! yeah they really didn't do any effort to explain what's happening through the trade, but that makes the scene so real. Although as I watched it again I realized she had laid out the plan clearly
Great video. Would be interested to hear about your personal experience in markets, for example the process of a client trading from a sales/trading perspective. Hearing how traders hedge, position etc would be really interesting.
Excellent suggestion thanks! There are a couple of videos here that explore the jobs in the front office and sales in particular but the sales / trading perspective is something worth digging further into
love it, keep up the good work
Thank you! I need inspiration... Is there any other scene I could analyse?
Cool analysis. Thanks for this video
Glad you liked it! There are a few more episodes of Industry analyzed on this channel
Awesome video as usual. Quick question. Given markets are significantly more efficient than they were in the past, is there really much of a differentiable edge sales people can provide to hedge fund managers like Bloom?
Great question and I had a few about the sales jobs (I've got a previous video about it). Harper is a maverick!! The role of sales is not to push their OWN ideas, they'd use research, structuring, strategists and it's not just about trading. There's a whole bunch of prime brokerage services that the series ignore. For example: If he wants to short he needs to borrow first!!!
Isn't what harper did illegal? All calls on the trade floor are recorded as well..
Illegal? Not sure? Because she's helping the client instead of the bank, that's not a problem in common law. Non-compliant 1000% sure
@@InvestOrama great way to ruin all your political capital in the work place
absolutely@@anoriginalnick I can only think of one reason to do it: if you're about to go to work FOR the client
@@InvestOrama haha true. The dream is to get poached awayyy
@@anoriginalnick Not happening for Harper in S2... but there's S3 coming, so maybe?
All i'm hearing is how the ordinary person is getting f'd
That's definitely a possibility - although this is a bit like Gamestop where the little guys are taking on the big ones