Sep

20

Monroe Trader, from East Sider

September 20, 2007 |

(BN) *GOLDMAN'S VINIAR SAYS IT'S NOT IMPOSSIBLE TO VALUE MORTGAGES

This is comforting!

Years back, I worked with Monroe Traders, but they didn't do mortgages (although I see they do now — I'd assumed they perished along with Quotron and Telerate). We needed "yield books," which were slowly replaced by mainframe computers…

Sam Humbert adds:

Hard to imagine why anyone would buy a machine such as the Trader II that's hard-wired for certain security parameters, given that Wall Street is forever manufacturing new-and-improved products. Wonder who their target market is — clearly not bulge bracket or hedge funds.


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