Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
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Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review
Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.
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Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
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Knight Capital's Bad Week In Tweets
Last week one of the most respected and tech-savvy investment firms unleashed a new trading algorithm that went, in a word, haywire. The news was as bad as it was unbelievable: At one point the market maker owned $7 billion in unwanted stock. Traders inside Knight Capital had to scramble to undo the damage as managers sought emergency financing to cover the resulting losses of $440 million after 45-minutes of out-of-control trading. Advanced Trading has gathered the most pointed and revealing posts on Twitter about the Knight Capital debacle. It wasn’t pretty.
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Wall Street’s 5 Biggest Tech Fails
As the Knight Capital trading fiasco once again proved, in the race to be first, crashes will happen. But slowing down today’s high-speed marketplace would be akin to going back to the Stone Ages for market participants. High-speed trading is here to stay, and strategies will continue to grow more complex. But over the past two years, there have been a number of high-profile incidents in which an inability to harness the latest technologies that power our markets has cost industry players dearly — both in lost dollars and lost investor trust. Advanced Trading highlights Wall Street’s five biggest tech fails in the past two years.
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The Funniest Sandy Weill Twitter Responses
Former Citigroup CEO and the architect of the modern mega-bank dropped a bombshell on CNBC yesterday: We should break up the big banks that are too big to fail. This statement may seem simple and sensible but consider the source: this came from the man who created these very banking behemoths. Needless to say, Twitter was abuzz comparing Sandy Weill's truth bomb to other statements no one ever expected to hear. Enjoy.
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Morgan Stanley's Earnings – By the Numbers
It was earnings day for the sixth largest bank in the U.S. – and it wasn’t pretty. Revenue is down though profits were up compared to the first quarter of this year.
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Hot Remarks From JPMorgan's Earnings Call
The investment bank's $2 Billion "Bad Bet" has blossomed to a staggering $5 Billion as it unwinds, and industry observers predict it could continue to grow. In a dramatic quarterly earning report, JP Morgan CEO Jamie Dimon got a grilling from financial reporters compared to his appearance before Congress last month. Here are some of the most dramatic quotes from this morning's conference call.
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From Romney's Hedge Fund Family Tree to Parliament's HF Treasure Chest: The Top Hedge Fund Tweets
What has the Twitterati been saying about hedge funds for the past few days? A potential First Lady invested a ton into her son's hedge fund, lawmakers in the UK want to grill the same hedge fund managers who donated a boatload of cash to their coffers and high-end ladies footwear were some of the hot topics. Advanced Trading chose a sample of the most provocative Tweets and gathered them into in one handy gallery. Did we miss your favorite? Send it to us and we'll re-tweet it in a hurry.
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Europe Slides, Dimon Smacks Dodd-Frank, and a Hedgie Loves Greece
In the same week that summer decided to show up in New York, other corners of the financial world were heating up as well. Jamie Dimon got a grilling from the members of the House of Representatives after last week's Senate Banking Committee tongue bath. Meanwhile, hedge finds managers gathered in Monaco to comment on the continent's slide to oblivion, while one US hedge find manager is placing all of his bets on – Greece?! Advanced Trading serves up the hottest quotes of this week.
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The Top Dimon Testimony Quotes
Yesterday, JPMorgan CEO and Wall Street Golden Boy Jamie Dimon testified before the Senate Banking Committee and critics are calling the session a veritable love fest. Even though he was called to explain his firm's stunning $2 billion (and counting) bet gone wrong, not a silver hair was ruffled on the CEO's head. Here's a selection of killer quotes from the CEO himself, a US senator who actually challenged him and media commentators who watched as Dimon swatted away the softballs without breaking a sweat.
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What Keeps CIOs Awake At Night
The top quotes from Tabb Group's MarketTech 2012.
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Mr. Dimon Goes to Washington: Top Quotes of the Week
Mr. Jamie Dimon is invited to speak before a few US senators, a man has a plan about saving AIG the next time the banks fail, and Greece inspires some Shakespeare in the Euro zone. If that weren't enough, we also hear from The Boss in this week's Advanced Trading Top Quotes of the Week.
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From Facebook to Quants -- The Top Quotes of the Week
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
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Wall Street’s 9 Worst Bets Ever: From Nick Leeson to JPMorgan
In the wake of JPMorgan’s ill-conceived hedging strategy, which cost the bank its sterling reputation along with $2 billion and counting, Advanced Trading decided to highlight some of Wall Street’s worst bets ever.
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May Day: Occupy Wall Street Calls a General Strike
On May 1st, the organizers behind Occupy Wall Street called for a general strike. Although no unions joined in, protesters revived their demonstrations against Wall Street. Here's a look at some of people who are pushing for change.
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Anatomy of a Data Center: Green Means LEED Gold in Piscataway for DFT's NJ1 Data Center |
 Take a Tour of Savvis' Newest NY Metro Data Center |
 Inside Telx's New York Data Center |
 NYSE Datacenter |
Sun's Data Center |
