Chain | movie | 2004 | Official Trailer - video Dailymotion

In Chain, actual malls, theme parks, hotels and corporate centers worldwide are joined into a monolithic superlandscape  | dG1fSlZhekt5TGpCU28

Transcript

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02:48In order to maintain the maximum exposure and the maximum exposure you can have is a

02:53Worldwide and be 24 hours the banks have what's called a 24-hour global rotating book

02:58So at the beginning of the day the London operator

03:03Is on the phone

03:04To their Tokyo counterpart and at the end of the day they're on the phone to their New York counterpart

03:09The New York counterpart picks that up at the end of their day. They found their Tokyo counterpart

03:14Tokyo counterpart picks that up and then it starts again foreign exchange trading is

03:20perhaps

03:21the most direct and blunt side of the way in which these investment banks

03:27Trade on on the open markets

03:31It's a it's a little bit like using a sledgehammer and options is when it starts getting really interesting

03:37options is when you're

03:39pricing promises and

03:41That's the the interesting thing about the way in which

03:46These banks operate and said a lot a great number of the trades are on notional ideas

03:50you're purchasing the option to buy something or the option to sell something and

03:55How do you price a promise?