By the way JPMs risk hedge would be being paid for by Software Boy in the fees he is paying so not costing JPM to cover the risk but Software boy would not be hedged out of the fees
Well maybe not because the deal may be zero risk but JPM gets all the spreads they can suck out of the trades . If it was an option no one would blow up so likely not the case
AGL Price at posting:
$8.61 Sentiment: None Disclosure: Held
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