Archive: trading floors
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Prosecutors Circling, SAC Hedge Fund May Shut Down
May 21, 2013 @ 11:53 AM | By Phil Albinus

After several high-profile arrests for insider trading, the head of the rich yet beleaguered SAC hedge fund may call it quits to avoid jail time.

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Is Your Bloomberg Terminal Spying On You?
May 14, 2013 @ 12:50 PM | By Phil Albinus

After Goldman Sachs discovered that Bloomberg journos were keeping track of their viewing habits over their Bloomberg terminals, traders have some decisions to make about the company that provides their market data, trading tools, IM and more.

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Credit Suisse Sues Former VP Over Secrets
May 10, 2013 @ 12:28 PM | By Phil Albinus

She took a job with rival Goldman Sachs and allegedly e-mailed customer files to herself. And now CS wants to stop her. Can they?

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3rd Birthday of Flash Crash: Is the Stock Market Safer?
May 06, 2013 @ 12:47 PM | By Ivy Schmerken

Three years later since that catastrophic event, exchanges have eliminated stub quotes and implemented safe guards such as limit-up/limit down. But there's inertia on many other issues.

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Survey: How Should We Educate the Next Generation Buy Side Trader?
April 25, 2013 @ 12:30 PM | By Ivy Schmerken

With the faster and more complex electronic markets, what is the future skill set needed for the buy side trader?

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JP Morgan Forms Electronic Trading Management Committee
April 19, 2013 @ 13:39 PM | By Ivy Schmerken

The new committee will share best practices in electronic and algorithmic trading across asset classes and make decisions on investments in systems for competitive advantage.

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Wells Fargo Slashes Money Manager Programs, Angers Brokers
April 19, 2013 @ 11:06 AM | By Phil Albinus

Meanwhile, the number of investors pulling money out of hedge funds levelled off last month.

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Paulson Eyes New Hedge Fund for Tax Exiles
April 12, 2013 @ 13:11 PM | By Phil Albinus

Wounded by huge losses and some staggering tax bills, Paulson eyes new fund to help other tax victims. Plus, funds attract $11B in February and the SEC seeks a hedge fund budget boost.

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Jamie Dimon Scrambles to Keep CEO-Chairman Role
April 09, 2013 @ 10:56 AM | By Phil Albinus

Do you hear that sound coming from Wall Street? It’s the sound of JPMorgan Chase directors scrambling hard so that Jamie Dimon gets to keep both his CEO and chairman jobs for America’s largest bank.

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Corzine Lit Matches for MF Global Meltdown: Report
April 04, 2013 @ 15:00 PM | By Phil Albinus

Former G man Louis Freeh’s report on the spectacular meltdown of MF Global is out - and Jon Corzine does not get off easy.

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Spurred By Bonuses, Hedge Fund Traders Feel Pressure to Break Rules
April 02, 2013 @ 14:01 PM | By Phil Albinus

A survey reveals the depressing state of a hedge fund trader’s mind: They’ve seen misconduct, would break rules to get ahead and doubt the SEC can do anything to fix the industry.

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Closing In On SAC, FBI Arrests Portfolio Manager
March 29, 2013 @ 08:50 AM | By Phil Albinus

Federal agents arrested the portfolio manager of the largest hedge fund in the country. After a week of buying mansions and Picassos, is SAC Capital founder Steve Cohen next?

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Winton Capital’s Hedge Fund Closes Amid No Interest
March 28, 2013 @ 12:09 PM | By Phil Albinus

One of the world’s largest hedge funds Winton Capital announced that its Henri Capital spinout will close after two years of trading due to a lack of clients.

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Dark Pools Open Up About Surveillance Methods
March 27, 2013 @ 13:45 PM | By Ivy Schmerken

Brokers operating dark pools have come out with more sophisticated methods for preventing trades at bad prices and profiling client behavior — both in response to buy side concerns and regulatory scrutiny.

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Cohen Buys Picasso's Painting 'Le Rev' for $155 Million
March 26, 2013 @ 12:49 PM | By Ivy Schmerken

Is it "coincidental" that hedge fund billionaire Cohen returns to the art scene after settling two insider trading cases for $616 million?

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SEC Approves Nasdaq Payback Plan for Botched Facebook IPO
March 26, 2013 @ 12:07 PM | By Phil Albinus

UBS, Citi and others are not pleased with the $62 million settlement and may still sue.

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The Glamorous Personal Assistant and Her Hedge Fund Boss’ Amex Cards
March 21, 2013 @ 15:37 PM | By Phil Albinus

Nearly one million dollars later, Ukrainian beauty Renata Shamrakova admitted in Manhattan Supreme Court to embezzlement while working as the personal assistant to hedge fund manager Todd Meister.

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Minding the Boys: Operational Risk on the Trading Floor
March 21, 2013 @ 13:31 PM | By Phil Albinus

Bad lads, poor handwriting and preening managers - let's take a look at operational risk on the floor of a London brokerage.

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Mixed Reactions to Dow's Hitting a Milestone
March 08, 2013 @ 17:45 PM | By Ivy Schmerken

This week, the Dow Jones Industrial Average surged past 14,000 for the first time since 2007, on the strength of corporate earnings and the Fed’s stimulus, but investors questioned the authenticity of the rally.

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Bitter Hedge Fund Divorce Battles For Custody of the Algos
March 08, 2013 @ 13:20 PM | By Phil Albinus

A long-running divorce between two hedge fund giants isn't over who gets the mansion or the yacht - but who gets to keep the trading algorithms.

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