Client Notes
Client Notes
Specific notes from OTC conversion and spread sessions held in Quarry Bay.
We walked in with a USDT–HKD OTC quote that had three conflicting conversion lines in the chat. Their calculator pass took longer than I hoped — almost the full ninety minutes — but the final sheet matched what settlement posted the next morning.
The pre-trade spread review was blunt: they showed our bid–offer was wider than the second source we brought, then stopped. No pitch to “upgrade” anything. That restraint is why we booked again.
I still prefer our internal spreadsheet for routine pairs, but when a custom token–HKD ticket arrived last month their quoting brief saved our evening. The preset notes were clear enough for my teammate who was not in the room.
Phone follow-up after the session was prompt. One mild reservation: the Quarry Bay room runs cool, so bring a jacket if you are there after the rain starts.
Session story: Friday settlement drift
A Central desk arrived with a draft HKD settlement that was 0.4% above the OTC conversation from noon. During the Settlement Conversion Check we rebuilt the conversion twice on the PC calculator and found the afternoon instruction had applied a stale mid while the original chat used the dealer’s offer. The annotated PDF went into their file before the wire cut-off.
Session story: Uncommon pair, thin history
A small principal brought eight past tickets for a rarely traded crypto–fiat pair. Half the tickets used different decimal conventions. The Custom Pair Quoting Brief cleaned the units first, then documented a calculator preset. They returned six weeks later for a conversion session using that same preset without reopening the history work.