Monroe Trader, from East Sider
(BN) *GOLDMAN'S VINIAR SAYS IT'S NOT IMPOSSIBLE TO VALUE MORTGAGES
This is comforting!
Years back, I worked with Monroe Traders, but they didn't do mortgages (although I see they do now — I'd assumed they perished along with Quotron and Telerate). We needed "yield books," which were slowly replaced by mainframe computers…
Sam Humbert adds:
Hard to imagine why anyone would buy a machine such as the Trader II that's hard-wired for certain security parameters, given that Wall Street is forever manufacturing new-and-improved products. Wonder who their target market is — clearly not bulge bracket or hedge funds.