phrase
General Slang
Blowing up a customer
· phrase · finance
Selling a client a product that craters and ruins them.
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Definitions
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Wall Street trader-speak for offloading a toxic position onto a client at a price that promptly collapses, forcing them to take huge losses or liquidate. Often the client never trades with you again — but the desk already booked the P&L, so on the 1980s Salomon floor it counted as a win.
“He blew up a customer with that mortgage tranche and got high-fives on the desk for it.”
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Blowing up a customer In A Sentence
He blew up a customer with that mortgage tranche and got high-fives on the desk for it.
Origin & Usage
Salomon Brothers trading-floor jargon documented in Liar's Poker (1989) and standard across sell-side fixed-income desks since.
People Also Ask
What does 'blowing up a customer' mean?
'Blowing up a customer' means selling a client a product that craters and ruins them financially.
How do you use 'blowing up a customer' in a sentence?
For example, 'That trade blew up a customer and cost him his whole book.'
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