Explain traders’ market-making function.
Answer to relevant QuestionsFICC is one of the main Divisions in an Investment Bank. What does FICC stand for? Other than during 2007 and 2008, how does this division typically rank from a profitability point of view, compared to other Divisions? What ...What drove the need to separate research and investment banking?In 2001, the NYSE switched from a fractional pricing system (stock priced in increments of 1/8 of a dollar) to a decimal pricing system (stock priced in increments as small as 1 cent). Explain how this might encourage ...True or false: Convertible arbitrage hedge funds invest in convertible bonds because the fund managers have a bullish view on the company’s stock. Explain your answer.How do Asian and petrodollar investors fit into the genesis of the financial crisis during 2007–2008? Structure your answer around the themes of easy credit, excess liquidity and cheap debt.
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