As traders look for the fastest way to trade, one connectivity provider may have an answer: Sending data and trade orders via microwaves. So, what happens when it rains?
With profits down due to lower volumes and declining volatility in U.S. stocks, high-frequency traders face growing pressure to find new markets and innovate when speed is not enough.
Industry participants question whether identifying dark pools in real-time trade reports will give too much information to high-frequency traders and gamers.
In the midst of a bad economy and lower trading volumes, the buy side balances the need to cut costs and consolidate OMS and EMS platforms, while chasing the best integrated solution.
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.
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.
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.
Bloomberg Snooping Scandal Prompts Reaction from GoldmanMay 15, 2013Wall Street firms like Goldman Sachs could look to reduce their reliance on the dominant data and analytics terminal in response to the firms' reporters being allowed to spy on customer data.
Is Your Bloomberg Terminal Spying On You?May 14, 2013After 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.
EBS Direct is Live with 4 Liquidity ProvidersMay 13, 2013Commerzbank, Goldman Sachs, J.P. Morgan and Morgan Stanley have completed trades on EBS DIrect, a new relationship-based disclosed liquidity service with streaming prices tailored to consumers.
Corporate Bond Market Needs Price Discovery Overhaul —ReportApril 16, 2013As buy side firms scramble for liquidity in corporate bonds, a new report Tabb Group lays out the need for a new price discovery mechanism with new tools and pricing sources to replace traditional phone-based quoting.
Goldman Sachs, Berkshire Amend Crisis-Era Warrant DealMarch 26, 2013Goldman Sachs Group Inc will
give Berkshire Hathaway Inc millions of shares in the
bank in place of warrants that date to the financial crisis, a
deal that saves Berkshire money upfront and reduces dilution
risk for Goldman.
Goldman Leads Decline as Wall Street Commodity Revenues PlummetMarch 11, 2013Wall Street commodity
revenues crashed last year to their lowest on record, as tighter
regulation and limited price swings squeezed the once dominant
traders of Goldman Sachs Group Inc, JPMorgan Chase & Co
and Morgan Stanley.
Goldman Sachs Trims Risk-Taking to Lowest Level in 7 YearsMarch 01, 2013Goldman Sachs Group Inc reduced
its risk-taking for a third straight year, with potential losses
from trading positions dropping to the lowest level in seven
years.
Goldman Sachs, JPMorgan Slash WorkforceFebruary 26, 2013The Yin and Yang of Wall Street, Jamie Dimon and Lloyd Blankfein, will cut their workforces by 20,000 and 4,000 jobs respectively.
Ex-Goldman Sachs Prop Traders Fail At Hedge FundsFebruary 22, 2013Benros Capital joins the list of hedge funds run by former prop traders at Goldman Sachs to bite the dust. Wasn't this the reason the banks paid those bonuses during the bailouts?
Corzine Faces Lifetime Trading BanFebruary 21, 2013The former Master of the Universe might be banned from futures trading in the wake of the (suspicious) MF Global collapse.
Ex-Goldman Director Gupta Seeks Conviction ReversalJanuary 23, 2013Lawyers for former Goldman
Sachs Group Inc board member Rajat Gupta are urging a
federal appeals court to reverse his insider trading conviction,
arguing that a judge shouldn't have allowed wiretaps to be heard
at trial.
Goldman Boosts Returns to Shareholders Through LayoffsJanuary 16, 2013Goldman Sachs Group Inc paid a
smaller portion of its revenue to employees in 2012 as it laid
off staff, signaling that management at the top Wall Street bank
may be ceding power to the shareholders who supply the capital.
How to Manage "Genius Trader Risk"January 15, 2013After a series of trading blow-ups by rogue traders, meet "the genius trader," who can do even worse damage. With their superior intellect, big egos,and technical expertise, they can easily win over CEOs. But, can risk managers reign them in?
Goldman Sachs Fined $1.5 Million for Trading GlitchDecember 07, 2012Goldman Sachs Group Inc
was fined $1.5 million to settle charges it failed to supervise
its traders and allowing one futures dealer to hide billions in
dollars from sight and causing a $118 million loss.
Morgan Stanley Trader Was Probed at Goldman: SourcesDecember 04, 2012Morgan Stanley hired former Goldman Sachs
trader Edward Glenn Hadden to run its Treasury bond desk last
year, even though his former employer had placed the trader on
paid leave for about a year following an internal inquiry, said
three people familiar wit
At White House, CEOs Offer Support for Higher Tax RatesNovember 29, 2012Chief executives from
corporations such as Goldman Sachs and Deloitte LLP met
with President Barack Obama on Wednesday and offered support for
resolving U.S. fiscal problems with an approach that included
higher tax rates for wealthy Americans.
Hedge Fund Masters Flunk Money-Making TestNovember 02, 2012Generating strong returns is
getting so tough for hedge fund managers, supposedly the
high-earning masters of any market, that some are shutting up
shop and more look poised to follow.
