Quite a few people in the comments complained how 4 bps and 4cents are not the same thing, so let's settle this once and for all. The offer of 4 bps is for the entire amount of the trade, i.e. $500m, which is the premium (price of the option) the client has to pay, and which equals $200k ($500m x 0.0004). When the client says 4 cents, she means she is willing to pay the price of 4 cents for a single option contract. The notional amount of one contract is $100, a standard convention for the face value of a single bond. Given that the trade amount is 500m, she is buying $500m/$100=5m options. Because she is paying 4 cents for each, the total price she pays is $200k, same as as above. Ergo, 4 bps and 4 cents ARE the same thing
Just to correct the $500 million is the notional value of the contract. The pay off of the option at exercise or maturity will reference that and will be multiplied by some factor.
Harper Stern: If the phrase "It's Chess not checkers" was a person! I just finished season 1 and I tell ya that Harperpissed me off damn near every step of way. But by the ending scene I must say well played. Harper played the game how its played with a twist. Absolutely masterful! The first season was super intense and I loved every minute can't wait for season 2!!!!
Tbh. I think it's definitely possible. Tensions have never been higher. And china wants the south china sea. If they want it. They'll eventually go for it. Its all speculation of course tho
Not literally...she was referring to an economic “war”.. China have enormous holdings of US treasuries and if they unload them all in retaliation, yields would spike
He presses a speed dial button instead of the release to hang up his call, she is able to speak to her client with the phone either muted or unmuted, no effect (grey switch). These things bother me more than they should, otherwise an entertaining scene!
I'm kinda mad the writers can't write good relationships for Harper. Literally every character she tries to build a friendly relationship with ends up fucking/almost fucking her (minus Eric, of course)
This scene tries a little too hard for my liking. There is no subtlety in the writing-you can see what the scene is trying to accomplish about 15 seconds in. Its nowhere near the nuance of the The Wire or Breaking Bad.
I never understood how Eric's character was problematic enough to be fired. Yes he yelled in the office occasionally, but it was always based on work performance unlike the clear personal and sexual harassment that took place in other depts. I rewatched the locked door scene and he only locked the door and drew the shades once Harper told him Daria was also at the meeting. They were discussing confidential matters so it makes sense. Granted it's all about how Harper characterized their interaction, but Eric was hurt that she basically sold him out by telling Daria his biggest client left because of what Eric said to his wife.
Eric got fired because Daria mobilized HR and people wanted him gone.Arguably everyone who works in the office could be fired from HR, if they were reported.
@@brandonglick914 Yeah the message I got from Eric's firing was your job can find any reason to fire you and once you become invaluable they can choose press the button. Anyone in that building has an easy case to be let go once their productivity decreases.
So just because it's based on work matters only ur allowed to be sociopath borderline psychopath, psychological,mentally abusive and toxic.....not to mention he is highly emotionally manipulative too,notice how one moment in one episode he was fawning over her praising her to high heavens singling her for his "mentorship" and the next he is complete batshit loco.....and the next day he was contrite and sorry and I shouldn't say that,he's never shown he's ever sorry,trying to bribe her and sweet talk her saying she deserves it....he understands what's he is doing that means he is definitely not autistic so there's no excuse whatsoever... I bet that's the reason felim or what's he's name left him,being around such a human being cannot be good for ur mental health and sanity long term,I wonder why his wife married him.....fk u Kant!!!! Overall I still like his character though,good thing they bought him back.
Sounds like a pretty big trade but if the just 4bps, it's actually "only" an option premium of $200K, and therefore the bank probably makes very little on it. 1bps? $50K?
@@davidetararbra5248 Sure although making 1% on a 5M trade would be standard for the industry and would be the same PnL. Still Looove the scene I just wish she made a Million!
@@sairajrane2886 half a yard is 1/2 bln, thus 500,000,000. 1 bps is 0.01. 100/0.01=10000, thus 500000000/10000 is 50k, this is how much 1bps is worth in this case. 4bps is 200k.
yo that grad just backstabbed him, can't really believe how she could do that. Y'all saw how she got gutted after Eric left, everyone who was dilly dally with her just put on their other face lol well deserved...
You know this show is good considering I'm a socialist who failed economics 3x and still tune in religiously every week. The writing, the characters, the tension - we need a season 3
I’m exactly the same - socialist obsessed with shows like Industry and Succession. there’s something so intoxicating about watching these awful, awful bastards ruin their own lives, but in a way that’s completely emotionally resonant and absorbing
In an alternative universe where Miles escapes on the plane from the island and ends up in UK forgetting everything that happened in the past ,focusing and working in the stock exchange field, a good ending i would say
Harper is primarily a salesperson. Rishi is the trader. Rishi not only has to work with the salespeople, but he also has to ensure his firm makes money or loses as less money as possible on each trade.
harper was an IB or introducing broker.Rishi was the trader of the firm (he uses firms money for prop trading & ensures it has to make profits & minimize losses)
@@TheUnpred1cTable what a stupid comparison.. Bismarck O, explained it concisely. World-killer is someone not to mess with, someone who can make a huge impact if they want. It's a metaphor, they don't literally kill worlds..
Can someone explain to me how these investment banks make money by doing this? Do they charge like outrageous transaction fees or something? And like what happens if the investments they made for the client flop big time, would that blame and cash loss be on the client or the firm?
@@simonkalibwani5832 That's not true. Sales teams take the other side of a trade, by first pricing then charging a margin on product sold. Together with the market spread, fees are generated through mainly through this margin.
@@swarajkumar1758 usually yes, and they can charge the client for that too. Particularly when markets are volatile, hedge costs are greater and hence clients can be charged extra.
There are different desk. But you can think it as a supermarket, you buy your grocery in the supermarket. So how does a supermarket make their money? by finding good rates to put stuff on sale.
He deliberately said that. To make her not feel too comfortable. It is a power game. Give compliments, cause doubt, maintain power and continue control. See who's the boss.
Quite a few people in the comments complained how 4 bps and 4cents are not the same thing, so let's settle this once and for all.
The offer of 4 bps is for the entire amount of the trade, i.e. $500m, which is the premium (price of the option) the client has to pay, and which equals $200k ($500m x 0.0004). When the client says 4 cents, she means she is willing to pay the price of 4 cents for a single option contract. The notional amount of one contract is $100, a standard convention for the face value of a single bond. Given that the trade amount is 500m, she is buying $500m/$100=5m options. Because she is paying 4 cents for each, the total price she pays is $200k, same as as above.
Ergo, 4 bps and 4 cents ARE the same thing
Informative
I think this guy trades... And I'm pretty sure Wallstreetbets is NOT his go to advisors.
Bro do you have a video where I can learn this or article thanks
Who the hell trades with 500 million?? Thats too much
Just to correct the $500 million is the notional value of the contract. The pay off of the option at exercise or maturity will reference that and will be multiplied by some factor.
this man should've won an award for his role acting damn!
You mean 'Raj'?
I agree, Eric was a phenomenal character
This scene makes me want to watch whole series. Seems interesting
Which series
It's really just spewing Amurican indecency and rude culture. Screw everyone so you may be rich.
@akashpawar23 Industry. Started watching it yesterday.. Almost stopped at episode 6, but I'm gonna continue....
@@Rua007 it’s so good
This scene gave me chills
Harper Stern: If the phrase "It's Chess not checkers" was a person!
I just finished season 1 and I tell ya that Harperpissed me off damn near every step of way.
But by the ending scene I must say well played. Harper played the game how its played with a twist. Absolutely masterful!
The first season was super intense and I loved every minute can't wait for season 2!!!!
She’s a little too game of thrones.
Dude season two she's slitting throats.
Watch the second season 2 asap. I feel the same way about her
Please we're can I get this flim
Hell of a scene
The show went downhill from here
@@montyi8 right, right,. after this they focus only in the stupid affairs. Last episodes just waste of time.
Now I see you ....................as a Cattle :))
this is the best scene in the show (great show overall)
Harper fresh off getting ummm touched by said client closes the deal. Traumatized, but still came thru.
"Eventually the U.S. is going to war in the South China Sea?"
Like, with China? Did she just predict World War III?
WW3 would never happen, because of the peace treaty signed after WW2. Unless of course if North Korea is involved
This show is so stupid, that's why
Tbh. I think it's definitely possible. Tensions have never been higher. And china wants the south china sea. If they want it. They'll eventually go for it. Its all speculation of course tho
Not literally...she was referring to an economic “war”..
China have enormous holdings of US treasuries and if they unload them all in retaliation, yields would spike
It's called a proxy war and it's eventually going to happen. China won't surrender south China sea
i worked on trading floors, this is exactly what its like. such a good show in this regard
Just curious on how you managed to survive in an environment like that? I just started watching the show and it stresses me out lol
You NEVER forget how it feels , your first big sale , everyone looking at you with envy
“Eric Tao Pro Skater” - Rishi
He presses a speed dial button instead of the release to hang up his call, she is able to speak to her client with the phone either muted or unmuted, no effect (grey switch). These things bother me more than they should, otherwise an entertaining scene!
yh was so unrealistic she couldve heard everything lool
It's because whatsherface had a hand in it. I loved how he came back and she got canned.
mute is on the handset
They should bloody hell bother you. I have not been so annoyed with a tv series before this myself!
Deskphones scare me. Recently began a reception job in finance and they terrify me
I watched thinking it’d be about trading but it’s really about relationships.
Omg thanks! I was thinking if I should start this. Almost wasted my time
I'm kinda mad the writers can't write good relationships for Harper. Literally every character she tries to build a friendly relationship with ends up fucking/almost fucking her (minus Eric, of course)
@@RomelJohanif you want that go watch a fucking documentary. Not a dramatic performance🙄
Thanks for saving us .
Lol, I remember I got a 5c/share trade order from one of the largest fundamental equities manager on the west coast back in 2016.
how did that feel ?
“I can’t do that”
“Do that”
“Because I’m excellent…”
Can you do 4???
No
Do 4
No
I’m serious do 4
Fine
That’s business baby! 😎😜🤑🤠 TO THE MOON 🚀🌕📈
This scene tries a little too hard for my liking. There is no subtlety in the writing-you can see what the scene is trying to accomplish about 15 seconds in. Its nowhere near the nuance of the The Wire or Breaking Bad.
I never understood how Eric's character was problematic enough to be fired. Yes he yelled in the office occasionally, but it was always based on work performance unlike the clear personal and sexual harassment that took place in other depts. I rewatched the locked door scene and he only locked the door and drew the shades once Harper told him Daria was also at the meeting. They were discussing confidential matters so it makes sense. Granted it's all about how Harper characterized their interaction, but Eric was hurt that she basically sold him out by telling Daria his biggest client left because of what Eric said to his wife.
HARPER WAS RIGHT
Eric got fired because Daria mobilized HR and people wanted him gone.Arguably everyone who works in the office could be fired from HR, if they were reported.
he lost his biggest client too
@@brandonglick914 Yeah the message I got from Eric's firing was your job can find any reason to fire you and once you become invaluable they can choose press the button. Anyone in that building has an easy case to be let go once their productivity decreases.
So just because it's based on work matters only ur allowed to be sociopath borderline psychopath, psychological,mentally abusive and toxic.....not to mention he is highly emotionally manipulative too,notice how one moment in one episode he was fawning over her praising her to high heavens singling her for his "mentorship" and the next he is complete batshit loco.....and the next day he was contrite and sorry and I shouldn't say that,he's never shown he's ever sorry,trying to bribe her and sweet talk her saying she deserves it....he understands what's he is doing that means he is definitely not autistic so there's no excuse whatsoever...
I bet that's the reason felim or what's he's name left him,being around such a human being cannot be good for ur mental health and sanity long term,I wonder why his wife married him.....fk u Kant!!!!
Overall I still like his character though,good thing they bought him back.
Idk but Rishi seems cool af
Now I see you.....
👏
juntao!!
Dude I knew someone had to remember
@@tumisangselemogwe9547 🤣🤣🤣🤣🤣
rush hour!
Sounds like a pretty big trade but if the just 4bps, it's actually "only" an option premium of $200K, and therefore the bank probably makes very little on it. 1bps? $50K?
Just found your Chanel now from your comment, looks super insightful 👀
@@tg.uptxwn thanks hope you enjoy it
@@davidetararbra5248 Sure although making 1% on a 5M trade would be standard for the industry and would be the same PnL. Still Looove the scene I just wish she made a Million!
Wait how did you arrive at 1bps?
@@sairajrane2886 half a yard is 1/2 bln, thus 500,000,000. 1 bps is 0.01. 100/0.01=10000, thus 500000000/10000 is 50k, this is how much 1bps is worth in this case. 4bps is 200k.
gawd dammit.. now i have to watch the show...
yo that grad just backstabbed him, can't really believe how she could do that. Y'all saw how she got gutted after Eric left, everyone who was dilly dally with her just put on their other face lol well deserved...
Absolutely 💯
You know this show is good considering I'm a socialist who failed economics 3x and still tune in religiously every week. The writing, the characters, the tension - we need a season 3
I’m exactly the same - socialist obsessed with shows like Industry and Succession. there’s something so intoxicating about watching these awful, awful bastards ruin their own lives, but in a way that’s completely emotionally resonant and absorbing
@@thegentleassassin totally. Sounds like i need to stop sleeping on Succession
@@Chazer45 pipe down, the adults are talking
Your wish is granted
In an alternative universe where Miles escapes on the plane from the island and ends up in UK forgetting everything that happened in the past ,focusing and working in the stock exchange field, a good ending i would say
No way is that jun Tao from rush hour 1
I like the ring her nose lol it’s cute
Can someone explain the dynamic here. If harper is a 'trader' then what is rishi? Why do their trades need to go through him?
Harper is primarily a salesperson. Rishi is the trader. Rishi not only has to work with the salespeople, but he also has to ensure his firm makes money or loses as less money as possible on each trade.
harper was an IB or introducing broker.Rishi was the trader of the firm (he uses firms money for prop trading & ensures it has to make profits & minimize losses)
Guess we don’t need a south china sea war to reach 4%. It’s here as we speak😅
Why would Rishi be involved in this though ? Doesn’t he have his own clients to manage?
Rishi is a trader. Sales people get prices from traders.
Whelp Nicole is getting her pay out much sooner turns out
This would pay out now right? US Treasury yields at 4.23%
Does someone know where to see full episodes online free?
our generation will turn the tables, lets continue the hustle!
4,6% and still going hahahah.
Too bad she gonna get fired for not having an bachelors degree..
Season 3 could turn that around.
Forged. Not non-existent.
😂
Isn't she the main characters
No I haven't watched the show, but yt is filled with her video
@@thebatman1889The main character is money
Full movie or series name please tell me
Industry. It's on either HBO or the NBC depending on where you live. The seasons get better each time.
Can anyone explain what’s happening in the scene? I am interested to know the technical part of it
@Chitragupta but thats not how OTC deals are done, right?
@Chitragupta Do you work in investment banking? If so is it really this dramatic?
What is the meaning of "you are a world killer"? I speak spanish and I never have heard this phrase but is awesome
I think he was just referencing her ability to take and kill. She came in strong executed and left.
Tu Es un sicario del mundo-meaning you take no prisoners in business
nazis are world killers. eric calls harper world killer. she adolf hitler
It's another way to say you are a very hard and successful worker, but times ten.
@@TheUnpred1cTable what a stupid comparison.. Bismarck O, explained it concisely. World-killer is someone not to mess with, someone who can make a huge impact if they want. It's a metaphor, they don't literally kill worlds..
Harper is the most hateable character
Harper is the most attractive character lol.. 😂❤ 😘
Can someone explain to me how these investment banks make money by doing this? Do they charge like outrageous transaction fees or something? And like what happens if the investments they made for the client flop big time, would that blame and cash loss be on the client or the firm?
Yes, transaction fees but the bulk of the fee structure comes from success fees - when the gains from these positions are realized.
@@simonkalibwani5832 That's not true. Sales teams take the other side of a trade, by first pricing then charging a margin on product sold. Together with the market spread, fees are generated through mainly through this margin.
@@sandevos123 They also hedge to avoid any risk.
@@swarajkumar1758 usually yes, and they can charge the client for that too. Particularly when markets are volatile, hedge costs are greater and hence clients can be charged extra.
There are different desk. But you can think it as a supermarket, you buy your grocery in the supermarket. So how does a supermarket make their money? by finding good rates to put stuff on sale.
Nose rings establishes dominance but also can help regulate menstrual cramps.
The nose ring was cute and it suits her personal style!
He deliberately said that. To make her not feel too comfortable. It is a power game. Give compliments, cause doubt, maintain power and continue control. See who's the boss.
Nose rings have microchips so they can track where you are in the city
Put your gun down fight like a man
Damn ! know I see why he is familiar 😂. Rush hour .. lol
HIS NAME IS SANG! HE'S FROM HONG KONG!
omgggg that's how I know him
He should be careful though. It’s Rush Hour. I can’t stop. I have to man. Put your fucking gun down.
What show is this called
Industry .
4 cents and 4 bips are really really really not the same thing...
How much a bips
@@aymanzaman4you 0.01%/year
They are but alright
In this context they are. 5 percent = 5/100 = .05, 4 cents = 4/100 = .04.
Also, nobody writes out “bips” it’s only pronounced that way. It’s “bps”
I can’t believe Harper got away with lying and cheating here. She should of got fired after this whole situation/scenario
welcome to wall st man. lol
What show is this?
"Industry" - as you can see in the title
this is the most ridiculous idea I’ve ever heard: treasury yields hitting 4%? joke
how do you like that idea now
@@michaelwilliamng2373 I came looking for this comment LOL
@@michaelwilliamng2373 Ahahahahah I know, absurd foreshadowing
LOL came looking for this comment in 2023
She started at 5 bps and ended at 4 cents. Bps and cents aren't really the same thing. Small mistake, but good show nonetheless.
It's not a mistake on a notional of $100...
LoL don't forget how this feels right now,if we didn't we wouldn't be chasing orgasms neither.
I absolutely hate Harper as a character, hate her.
Why?
disgusting