If by chance you have not closed business over Bloomberg with a sell/buy ticket then you may be asking yourself, "What is the truth with Bloomberg?" Most of the people you run into in this business will not understand how Bloomberg works and will have joker brokers running in all directions. Bloomberg is the primary transacting conduit to sell and buy instruments in the United States of America. Contrary to believe you do not have to be licensed to get paid on an instrument deal. That is one of our secrets which we do not give out to just anyone.
The procedures are simple and not complex. There will be security traders involved in the transaction. They must have authority to authorize a sell or buy ticket on Bloomberg. One point we will like to point out is if there is not a licensed person that will issue a sell or buy ticket with having either (1) the instrument or (2) the funds to pay for it; nothing will happen. We brought this point up because there are so many brokers believing in this process of transacting with a buyer which has to show proof of financial capability. This is NOT the case. Bloomberg transactions happen in a smaller scale of tranches then they do in Europe. We are not saying either is better than the other. What we are saying is there is the American way of doing business and there is the European way of doing business. This is one of the reasons why it is imperative to inform yourself and know the difference between the procedures. A European buyer will not be able to buy a security from Bloomberg unless they have a satellite office in Europe. You have to take this into consideration. If the European buyer does not have the satellite office then you will have to go with European Procedures with the hopes the instrument is lodged in an European Institution.
For more information please visit: http://www.thejokerbrokers.com
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