In a world where nearly all central banks are delivering hawkish surprises (certainly relative to their own guidance), it’s the Fed’s turn to step up – one of the many roles as traders is to assess the risk of shock and it becoming a volatility (vol) event and to decide if there is a clear […]
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When American Airlines launched its new frequent flyer program in 1981, it set off something that would end up having a profound impact on the industry. While airlines would previously offer limited gifts to high-spending Read more…
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