Blog
Goldman Sachs' Prop Trading Desk Headed to KKR – Report
October 21, 2010 @ 11:54 AM | By Justin Grant
Goldman Sachs' proprietary trading desk is reportedly migrating to Kohlberg Kravis Roberts & Co. as the legendary leveraged buyout firm looks to capitalize on the finance reform bill's restrictions on proprietary trading at banks. restrictions on proprietary trading at banks.
continued...Future Trading Desk: Are Machines Taking Over?
October 21, 2010 @ 11:51 AM | By Ivy Schmerken
Buy-side traders at the AT Summit shared predicted that computers will do most of the trading, while humans monitor the machines.
continued...Buy Side Turns to TCA As Defense Against HFT - AT Summit
October 18, 2010 @ 23:11 PM | By Ivy Schmerken
Asset managers are using TCA to measure performance of broker algo strategies and to detect gaming by HFT firms, according to panel at AT Summit.
continued...Lobbyists Swarm the CFTC to Shape New Derivatives Regulations – Bloomberg
October 14, 2010 @ 10:54 AM | By Justin Grant
As regulators sort out how the new derivatives rules will function after the passage of the historic finance reform bill, the Commodity Futures Trading Commission is under siege from Wall Street lobbyists whose firms are looking to be exempt from the new law, Bloomberg News reports.
continued...Nasdaq OMX's Third Exchange: Are There Too Many?
October 12, 2010 @ 11:17 AM | By Ivy Schmerken
Nasdaq OMX's EVP Transaction Services Eric Noll told CNBC that the innovation it brings is worth the risk of fragmentation.
continued...Congressional Aides Profiting from Trading Stocks - WSJ
October 11, 2010 @ 11:01 AM | By Justin Grant
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Expert Warns Banks More Exposed to Derivatives Now Than in 2008
October 07, 2010 @ 10:43 AM | By Justin Grant
Could banks really be more exposed to derivatives than they were two years ago? That’s what Harold Bradley, the chief investment officer for the Kauffman Foundation contends in a discussion on CNBC with Maria Bartiromo and Herb Greenberg.
continued...OCC Moves into OTC Derivatives Clearing Space
October 07, 2010 @ 10:41 AM | By Ivy Schmerken
OCC will take on OTC equity derivatives in the new cleared market, but also confront exclusive index providers,explains OCC EVP Michael McClean in FT video interview.
continued...SEC-CFTC Flash Crash Report Leaves Experts Unsatisfied
October 05, 2010 @ 11:41 AM | By Ivy Schmerken
Many of us have read the long awaited joint SEC-CFTC report on the May 6th Flash Crash. By now everyone knows, that the regulators largely blame the sudden “Flash Crash” on a huge sale of E-mini futures contracts by a single fundamental investor, not named in the report, but which sources have identified as Waddell & Reed Financial, a conservative mutual fund company.
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