Help with technical trading terms

[OwlHoot]

Not a sarky post this, but I'm genuinely interested to know the technical term(s) for the "betting" or "positioning" which large investment banks might do in advance of the EU referendum in the hope of making pot loads of money.

I know, or think I know, that "hedging" is what they do to avoid losing loads of money, and I suspect the phrases I'm looking for may be, among possibly others, "going short" or "going long", depending on what they consider the most likely outcome.

Any ideas? Anyone round here a trader or savvy in trading lingo?

Or let's put it this way, if you were a Wall Street fat cat will billions to invest but eager to earn billions more, what would you do financially, assuming, say, you considered Remain more likely to win?

[FatLazyContractor]

dogging?

[DimPrawn]

I doubt if any of the smart money has a direct position (too risky if it goes wrong), more likely a volatility arbitrage trade.

https://en.wikipedia.org/wiki/Volatility_arbitrage

They will be making money on the rising volatility between, say Euro or Pound vs something completely unaffected by the Brexit farce, and then make money on the falling volatility afterwards.

[barrydidit]

dogging?

He's not talking abut toilet trading

[MrMarkyMark]

Snorting.........I mean shorting

[LondonManc]

I doubt if any of the smart money has a direct position (too risky if it goes wrong), more likely a volatility arbitrage trade.

https://en.wikipedia.org/wiki/Volatility_arbitrage

They will be making money on the rising volatility between, say Euro or Pound vs something completely unaffected by the Brexit farce, and then make money on the falling volatility afterwards.

SmartShrimp has nailed it.

If you're familiar with horse racing, it's the equivalent of using oddschecker to get the best prices on what you want to do, or in-play betting in football (we're in-play on the long football match that is the campaign trail). Obviously there's the human element - gut feel. Do you realistically think that brexit or remain will happen and therefore you'd be more inclined to slight back one side more than the other.

[unemployed]

SmartShrimp has nailed it.

If you're familiar with horse racing, it's the equivalent of using oddschecker to get the best prices on what you want to do, or in-play betting in football (we're in-play on the long football match that is the campaign trail). Obviously there's the human element - gut feel. Do you realistically think that brexit or remain will happen and therefore you'd be more inclined to slight back one side more than the other.

I genuinely researched this Last night, Brexit vs pound to euro and vice versa.

The results are quite good

[Mordac]

Not a sarky post this, but I'm genuinely interested to know the technical term(s) for the "betting" or "positioning" which large investment banks might do in advance of the EU referendum in the hope of making pot loads of money.

I know, or think I know, that "hedging" is what they do to avoid losing loads of money, and I suspect the phrases I'm looking for may be, among possibly others, "going short" or "going long", depending on what they consider the most likely outcome.

Any ideas? Anyone round here a trader or savvy in trading lingo?

Or let's put it this way, if you were a Wall Street fat cat will billions to invest but eager to earn billions more, what would you do financially, assuming, say, you considered Remain more likely to win?

If I had millions to waste ( I mean trade) I'd be selling sterling.

[Mordac]

dogging?

Some of your private fantasies should remain just that. Private.

[Mordac]

If I had millions to waste ( I mean trade) I'd be selling sterling.

Wouldn't be buying Euros though. I may look stupid, but I isn't-ish...Oh feckity feck, where's me sodding coat...