There once was an options trader, who, having made a (very) wrong price, and then been challenged on the price (twice), and finally been hit on the price in size, suddenly realised that he must have made a mistake. In a derivation of the normal derivative deal confirmation statement, he replied with:
"Zero done."
It might have been the oxymoronic tautology of the phrase that made it stick, or perhaps it was the very strong accent that gave it an Inspector Clouseau feel. Whatever it was that tickled traders' warped psychology, "Zaaayrow Dun." became a well-used turn of phrase, wheeled out whenever it was necessary to wryly indicate that an unfortunate interested party had failed to complete their desired transaction, deal or objective on account of being too late, too slow or simply incompetent.
Unfortunately, with the banking system in such a pickle at the moment, it seems a lot of traders are coming to terms with 'zero done' in the current compensation round.
"Zero done."
It might have been the oxymoronic tautology of the phrase that made it stick, or perhaps it was the very strong accent that gave it an Inspector Clouseau feel. Whatever it was that tickled traders' warped psychology, "Zaaayrow Dun." became a well-used turn of phrase, wheeled out whenever it was necessary to wryly indicate that an unfortunate interested party had failed to complete their desired transaction, deal or objective on account of being too late, too slow or simply incompetent.
Unfortunately, with the banking system in such a pickle at the moment, it seems a lot of traders are coming to terms with 'zero done' in the current compensation round.
"What was that? Bad line... it sounded like 'zaaayrow dun on zee bow-noose...'"
