chapter  2
23 Pages

SO WHAT IS NEW?

Short-term traders – whether in the futures pits, dealing rooms, or the privacy of their own homes and offices – are rapacious consumers of the news. Flashes across their Reuters or Telerate screens are like the turnings of the roulette wheel in determining the outcome for the players. The dealers who are striving to make a continuous market cannot be out of touch with the latest happenings or their quotes would be an invitation to huge loss-making business coming their way.