I understand the goal to make sure these companies don’t take huge bets with their balance sheets. But market making? Just like these stores down the street, when they buy a lot of polka dot dresses, they hope they’re going to sell, they’re making a judgement call. They may be wrong! So protecting the system I agree with, but starting to talk about the “intent”…I tell you… for every trader, we’re going to have to have a lawyer, compliance officer, a doctor to see what their testosterone levels are, and a shrink [asking them], “what’s your intent?”. No we’re going to make markets for our clients to give them the best produtcts, the best services, the best reserach and the best prices. That’s a good thing in spite of what Paul Volcker says. [FBN]

73 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (73)

  1. Posted by Guesteeculos | February 13, 2012 at 4:05 PM

    Now go home and get your fuckin shine-box!

  2. Posted by UBS MD | February 13, 2012 at 4:06 PM

    Where is the Polka dot Dress Sale?!?

  3. Posted by guest | February 13, 2012 at 4:12 PM

    Wanting to know where the big dress sale is more of a SAC thing but points for your commitment to kicking us when we're down, which is always.

    -real UBS MD

  4. Posted by guest | February 13, 2012 at 4:12 PM

    I lean toward non -regulation, but in defense of Volker, when the polka dot dress store goes out of business, it doesn't take out the shoe store and pizza parlor with it and make taxpayers pick up the bill.

  5. Posted by RBS_Quant | February 13, 2012 at 4:18 PM

    Sooo, what you're telling me is that market making is more like a meth lab… When it goes well, everyone makes money. When it goes wrong… well everything blows up.

    -AIG Chemicals Quant

  6. Posted by Guest | February 13, 2012 at 4:29 PM

    Always down or always kicking UBS, or both?

  7. Posted by Stamford Dress Barn | February 13, 2012 at 4:30 PM

    Here.

  8. Posted by The Truth | February 13, 2012 at 4:32 PM

    We actually do examine employees balls every time they make a trade

    – Ping

  9. Posted by mrpink | February 13, 2012 at 4:39 PM

    I just thought of Lynn Tilton and a ball examination… oh well

    ~examining my motives while furiously dreaming of a ball examination at ping's fund

  10. Posted by HungryIntern | February 13, 2012 at 4:45 PM

    Ping, can you please tell me more about this ball(s) exam…

    `CEO of Patriarch

  11. Posted by corsine capital | February 13, 2012 at 6:14 PM

    @realubsmd

    keep fucking that chicken

  12. Posted by Yoohooo | February 13, 2012 at 7:08 PM

    Open your mouth…

  13. Posted by uninvited guest | February 13, 2012 at 9:09 PM

    ok we'll skip the balls; go ahead and get out the rigid proctoscope

  14. Posted by Bristol Airport Hotels | April 19, 2012 at 8:34 AM

    ZTD54q A round of applause for your article post.Really looking forward to read more. Awesome.

  15. Posted by cadillac chrome wheels | April 24, 2012 at 2:31 PM

    Very informative article post.Much thanks again.

  16. Posted by best acoustic guitars | April 25, 2012 at 6:42 AM

    Hey, thanks for the article post.Really looking forward to read more. Fantastic.

  17. Posted by ephedrine | April 25, 2012 at 4:17 PM

    I value the article.Much thanks again. Awesome.

  18. Posted by PPI Reclaims | April 26, 2012 at 6:31 AM

    Muchos Gracias for your article post.Really thank you! Cool.

  19. Posted by los angeles music scene | April 26, 2012 at 4:47 PM

    Really enjoyed this article.Much thanks again. Much obliged.

  20. Posted by odżywki | April 27, 2012 at 10:33 AM

    I truly appreciate this post. Want more.

  21. Posted by Erectile dysfunction 8000 mg blue herbal sexpills | April 27, 2012 at 11:31 AM

    Wow, great article.Thanks Again. Really Great.

  22. Posted by cheap zynga poker chips | April 27, 2012 at 1:18 PM

    I truly appreciate this blog.Really looking forward to read more. Keep writing.

  23. Posted by Sheds | April 27, 2012 at 6:55 PM

    I really liked your post.Thanks Again. Great.

  24. Posted by group on | April 27, 2012 at 9:26 PM

    Major thankies for the blog article.Really looking forward to read more. Fantastic.

  25. Posted by free legal enquiry service | April 27, 2012 at 11:25 PM

    Thanks-a-mundo for the article post.Much thanks again. Awesome.

  26. Posted by college admissions consulting | April 28, 2012 at 4:41 AM

    Thanks-a-mundo for the blog article.Thanks Again. Fantastic.

  27. Posted by Electric Fireplace | April 28, 2012 at 7:16 AM

    Looking forward to reading more. Great article post.Thanks Again. Will read on…

  28. Posted by china marble | April 28, 2012 at 10:36 PM

    Thank you for your blog post.Really looking forward to read more. Keep writing.

  29. Posted by bouncy castle hire surrey | April 29, 2012 at 2:39 AM

    Im thankful for the blog. Will read on…

  30. Posted by stock market trading | April 29, 2012 at 4:00 AM

    I cannot thank you enough for the article post.Much thanks again. Really Cool.

  31. Posted by Pete Raso | April 29, 2012 at 7:02 AM

    Thank you for your blog.Really thank you! Awesome.

  32. Posted by pikavippi pankkitunnuksilla | April 29, 2012 at 3:16 PM

    Really enjoyed this blog.Much thanks again. Keep writing.

  33. Posted by surveys for money | April 30, 2012 at 12:18 AM

    Great article.Really looking forward to read more. Fantastic.

  34. Posted by hplc | April 30, 2012 at 5:59 AM

    Thank you ever so for you post. Keep writing.

  35. Posted by residual income formula | April 30, 2012 at 6:16 AM

    I really like and appreciate your article post.Thanks Again. Cool.

  36. Posted by wonga promo code | April 30, 2012 at 6:53 AM

    Im thankful for the blog.Really looking forward to read more. Keep writing.

  37. Posted by forex trading | April 30, 2012 at 7:41 AM

    I think this is a real great blog article.Thanks Again. Great.

  38. Posted by Hoodia | April 30, 2012 at 2:39 PM

    Thanks for the article post.Really looking forward to read more. Fantastic.

  39. Posted by cristocentro | April 30, 2012 at 8:36 PM

    Thanks for sharing, this is a fantastic blog article.Really thank you! Will read on…

  40. Posted by beats dre solo headphones | May 2, 2012 at 5:09 AM

    I really liked your post. Much obliged.

  41. Posted by PPI | May 2, 2012 at 9:13 AM

    Thanks a lot for the article.Really looking forward to read more. Keep writing.

  42. Posted by ci11 irons | May 2, 2012 at 1:19 PM

    Awesome blog article.Thanks Again. Will read on…

  43. Posted by make money online | May 3, 2012 at 3:10 AM

    This is one awesome blog article.Really thank you! Great.

  44. Posted by how do i get twitter followers | May 3, 2012 at 7:53 AM

    Awesome blog.Really thank you! Much obliged.

  45. Posted by chris papa | May 5, 2012 at 8:59 AM

    GET NIKE NFL ONLINE SHOP INFORMATION PLEASE VISit http://nikenflonline.blogspot.com

  46. Posted by the Fat Loss Factor program review | May 6, 2012 at 2:06 PM

    Thanks for the interesting things you have revealed in your writing. One thing I’d really like to discuss is that FSBO relationships are built after a while. By presenting yourself to the owners the first end of the week their FSBO is actually announced, before the masses start calling on Friday, you generate a good association. By giving them tools, educational components, free reports, and forms, you become a good ally. By subtracting a personal fascination with them plus their scenario, you make a solid interconnection that, on most occasions, pays off if the owners decide to go with an adviser they know plus trust – preferably you.

  47. Posted by swinging | May 7, 2012 at 8:32 AM

    Really informative blog article.Really thank you! Cool.

  48. Posted by government | May 7, 2012 at 1:18 PM

    A round of applause for your blog post.Thanks Again. Will read on…

  49. Posted by how to make money fast | May 7, 2012 at 1:44 PM

    Thanks for the post.Really looking forward to read more. Awesome.

  50. Posted by Troubled Teens | May 7, 2012 at 4:50 PM

    Really informative article post.Much thanks again. Keep writing.

  51. Posted by SimpleTune | May 7, 2012 at 5:24 PM

    wow, awesome blog.Really looking forward to read more. Cool.

  52. Posted by inserate schweis | May 8, 2012 at 3:48 AM

    Im thankful for the article.Much thanks again. Really Great.

  53. Posted by seascape oil painting | May 8, 2012 at 4:27 AM

    Really informative blog post.Really looking forward to read more. Awesome.

  54. Posted by Google | May 8, 2012 at 1:16 PM

    [...]the time to study or stop by the content or web-sites we’ve linked to beneath the[...]

  55. Posted by alcohol addiction | May 8, 2012 at 9:46 PM

    This is one awesome article post.Thanks Again. Much obliged.

  56. Posted by meth addiction | May 9, 2012 at 12:51 AM

    Muchos Gracias for your article.Thanks Again. Fantastic.

  57. Posted by investment | May 9, 2012 at 2:25 AM

    Fantastic blog post.Thanks Again. Cool.

  58. Posted by grow | May 9, 2012 at 3:16 AM

    Great blog article.Really thank you! Want more.

  59. Posted by html template | May 9, 2012 at 6:25 AM

    Fantastic article post.Really looking forward to read more. Awesome.

  60. Posted by Wallace Felgenhauer | May 9, 2012 at 9:05 AM

    Awsome article and straight to the point. I am not sure if this is really the best place to ask but do you guys have any ideea where to hire some professional writers? Thanks in advance :)

  61. Posted by battery chargers | May 9, 2012 at 11:06 AM

    I cannot thank you enough for the article.Much thanks again. Great.

  62. Posted by Property Liability Insurance Chicago | May 9, 2012 at 3:05 PM

    Thanks again for the post.Much thanks again.

  63. Posted by Max Robarge | May 11, 2012 at 2:40 AM

    Thank you for your post.Much thanks again. Keep writing.

  64. Posted by attorney | May 12, 2012 at 1:13 PM

    Looking forward to reading more. Great article post.Thanks Again. Really Great.

  65. Posted by boise seo | May 12, 2012 at 6:35 PM

    Appreciate you sharing, great blog article.Thanks Again. Really Great.

  66. Posted by accidentlawyers | August 25, 2012 at 8:17 PM

    Bonjour,
    Pour que je puisse vous faire un modèle pouvez vous m’envoyer un plan et un descriptif de l’escalier que vous souhaitez construire?
    cordialement
    Ness

  67. Posted by Hye Nordell | September 5, 2012 at 8:29 AM

    helping tips and tricks.

  68. Posted by bookmarking submission | September 6, 2012 at 10:46 PM

    5eP6LU I value the post.Really looking forward to read more. Will read on…

  69. Posted by Lekipotencja | September 13, 2012 at 11:05 AM

    Just wanna input on few general things, The website design is perfect, the subject matter is rattling good : D.

  70. Posted by Bench With | September 16, 2012 at 12:16 AM

    Wow, I really like your heavy ideas, as piano person and piano bench writer, it’s incredible.

  71. Posted by buytimeshares | September 17, 2012 at 1:57 PM

    Check on your right hand top. There is an optin form (Download Free New Traffic Robot Softaware) if you are interested in getting to our mailing list.

  72. Posted by Bladdext | October 14, 2012 at 4:06 PM

    buy a [URL=http://chanelknockoffpurses.pengakoll.nu/]chanel knockoffs[/URL] online FOyOgzjh [URL=http://fakechanelbags.multiply.com/journal/item/1/fake-chanel-bags ] http://chanelknockoffpurses.pengakoll.nu/ [/URL]

  73. Posted by Andy Privette | October 16, 2012 at 12:31 PM

    nice post. You made some good points.