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This guest article was written by Fred Gewirtz, senior account executive at think liquidity.
First penned by a Greek philosopher named Heraclitus sometime between 535 BC and 475 BC, the phrase was refreshed by Oscar Wilde in the play An Ideal Husband in 1895. While we claim to be neither philosophers nor dramatists, the wisdom imparted by the phrase is clearly evident to us. As a broker, expecting the unexpected should be part of your daily routine and hard-coded into your risk management practices.
Most trading days are normal days, broken up by the monthly or quarterly exception. ... (read more)