We're breaking down the big block trade of Industry season 2, episode 2, where Rishi sells 75M Rycan shares to the hedge fund led by Jesse Bloom. Does the execution of the deal make sense? And who's winning here?

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KEY FINANCIAL CONCEPTS
👉Block Trade
👉Sales & Trading
👉Trading lines and counterparties
👉FX Trades
👉Trading book

TIMESTAMPS
00:00 Only a few minutes left to place the Rycan shares
00:50 The details of the deal
02:00 Key meeting with a hedge fund on the tennis court
03:30 Initiating the transaction & Negotiating the price
04:09 Confirming specialist interest through the FX desk
05:24 Closing the Rycan deal with the hedge fund
06:43 Position in Rishi's trading book
07:30 Actual PnL for Rishi's trading book

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ABOUT INDUSTRY
Industry gives an insider's view of the blackbox of high finance following a group of young bankers as they forge their identities within the pressure cooker environment and sex and drug-fueled blitz of international bank Pierpoint & Co's London office.