This is a Guest Post by @AkFallible.

Today we’ll talk about the scene in Billions Season 4 where Bobby Axelrod and Wags Wagner are taking some massive trades old school style… through the phone! We’ll also answer How Prime Brokerages Work and why institutional traders get access to all these financial services.

***All content, opinions, and commentary by Fallible is intended for general information and educational purposes only, NOT INVESTMENT ADVICE.


By Steve Burns

After a lifelong fascination with financial markets, Steve began investing in 1993 and trading his accounts in 1995. It was love at first trade. After more than 30 successful years in the markets, Steve now dedicates his time to helping traders improve their psychology and profitability. New Trader U offers an extensive blog resource with more than 4,000 original articles, online courses, and best-selling books covering various topics.