The morning sky over Lower Manhattan was a sheer, frigid sheet of slate grey as rain slicked the granite steps of the New York Stock Exchange.
By 6:30 AM on Thursday, Wall Street was coiled like a spring. The ripples from our market-clearing victories in Tokyo and London had cascaded directly into the overnight U.S. dollar repurchase agreement—repo—market. Primary dealer banks were sitting on a mountain of short-term commercial paper, hesitant to extend liquidity ahead of the Federal Reserve’s upcoming interest rate announcement.
Inside Nemesis Capital’s Manhattan command center—a high-altitude glass vault overlooking Wall Street—the atmosphere was electric.
I stood at the central conference island, clad in a impeccably tailored cream blazer over a dark silk top, my dark hair pulled bac
