not to get lost in all of this settlement hullabaloo, but last look should be outlawed
Honestly can’t believe it’s still industry practice post-barclays.
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i had to re-implement it relatively recently for [redacted]
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One of my first tasks when I started working at ${http://big.investment.bank } was to design an algo to predict the profit from each incoming trade and tie it to client-specific reject tolerances to decide whether to accept or reject the trade.
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