Axe: Difference between revisions
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{{a|g|{{image|59 strat-1 1|jpg|A ’59 Strat, yesterday.}}}}{{d|Axe|/æks/|n}}1. ''Rock ’n’ roll'': An electric guitar. Ideally, a transition ’59 [[Stratocaster|Strat]] with a slab board and single ply pick guard. | {{a|g|{{image|59 strat-1 1|jpg|A ’59 Strat, yesterday.}}}}{{d|Axe|/æks/|n}}1. ''Rock ’n’ roll'': An electric guitar. Ideally, a transition ’59 [[Stratocaster|Strat]] with a slab board and single ply pick guard. | ||
2. ''Financial trading'': The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A ''desire''. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to ''sell'' it. Fast. | 2. ''Financial trading'': The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A ''desire''. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to ''sell'' it. Fast. A trading axe does not — well, not ''necessarily'' — imply proprietary trading. Even delta-one swap providers may be axed by just the desire to flatten one’s book and optimise one’s financing, as we discuss (by footnote) in [[a swap as a loan|this essay]]. | ||
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*[[Hayes and Palombo v R]] | |||
*[[A swap as a loan]] | |||
Latest revision as of 09:56, 19 July 2024
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Axe
/æks/ (n.)
1. Rock ’n’ roll: An electric guitar. Ideally, a transition ’59 Strat with a slab board and single ply pick guard.
2. Financial trading: The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A desire. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to sell it. Fast. A trading axe does not — well, not necessarily — imply proprietary trading. Even delta-one swap providers may be axed by just the desire to flatten one’s book and optimise one’s financing, as we discuss (by footnote) in this essay.