Getting trained again.... this time its ION

Some really funny things I hvae learnt in ION's training sessions:

1. Clearing is part of Middle Office.
2. Price of bond never changes once decided.
3. We used to talk in terms of buying 100 IBM or 100 Sape, here they always talk in terms of 1 trillion xyz (Neither of us had a realistic example :) )
4. HAHAHa, read this, Future can trade on OTC. These guys are unaware of term Forwards.
5. Thre facilitator had prepared a seperate single slide PPT for his introduction (he can't even introduce himself without a PPT :) )
6. STP is used to process trades comming from two diferent streams.  WTF.
7. LIBOR is pronounced as 'Leebor' instead of 'Laibor'.
8. Agency bonds implicitly means they are Goverenment Bonds.
9. The facilitator didn't knew the difference b/w Connection Oriented and Connection Less protocols.

Mind you the facilitator says (orshows in PPT) that he has an experiance of 8yrs (2 yrs of RetailBanking rest if Financial Industry).

And I am sure there is much more to come....



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