Trade At Settlement (TAS) reportedly helped Vega Capital London Ltd (Vega) to make $500 million in a day. Yes, $500million from a company that has a paid-up share capital of GBP10 and paid ZERO corporation tax in 2019.
To explain how we need to understand TAS and go back to the rather unusual day on 20th, April 2020 at 14:30 New York time. This was when the price of the May West Texas Intermediate crude oil futures was at negative $37.63 per barrel. Yes, so-called liquid…
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