A reminder when dealing with illiquid assets.
Credit feels heavy today, equities guys still in lalaland. Feels like some guys will get the tap on the shoulders soon, esp if there are no month end rally.
Mind the gap.
#MarginCall
@MikeFritzell This trend actually slowed in the past year. But it’s more of taking market share away from the private banks. Easier KYC process given that UOBK SP is a brokerage but can have the same capabilities as a private bank.