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.
Facing a dilemma of how to compete with dark pools and internalizers, exchanges are planning their own dark venues to offer better prices to retail investors.
In a world where trading alpha creates a competitive advantage, trading skills and acumen may be king, but trading tools are the great enabler and equalizer.
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.
Jamie Dimon Scrambles to Keep CEO-Chairman RoleApril 09, 2013Do 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.
JPMorgan E-mails: "Stupid Quants"March 19, 2013When the London Whale's losses came to light, the higher-ups inside JPMorgan looked around to share the blame.
Senate Hearing Sheds Light on JPMorgan Whale TradeMarch 15, 2013Senator Carl Levin grills Ina Drew and other bank execs, accusing them of changing VaR and hiding data on risky derivatives trade from regulators.
What Will Mary Jo White’s SEC Look Like?March 14, 2013President Obama's choice to run the SEC has her strengths and weaknesses - but what exactly will Mary Jo White's stamp be on the embattled financial regulatory agency?
JPM Senate Hearing: What's the Point of Beating a Dead Whale?March 14, 2013Friday's hearing about JP Morgan's London Whale trade led by Senator Carl Levin is really about putting pressure on regulators to finish the Volcker Rule, Propublica's Jesse Eisenger tells Bloomberg TV.
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, 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.
JPMorgan Chase to Cut Up to 4,000 Jobs in 2013February 26, 2013JPMorgan Chase & Co
plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013,
representing about 1.5 percent of the company's overall
workforce, as the bank tries to improve the profitability of its
branches.
JPMorgan Bet Against Itself in 'Whale' TradeJanuary 30, 2013There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people f
JPMorgan Slashes CEO Dimon's Bonus on 'Whale' TradeJanuary 16, 2013JPMorgan Chase & Co's
board of directors cut Chief Executive Jamie Dimon's annual
bonus in half, citing the company's $6.2 billion "London Whale"
trading loss, the company said on Wednesday.
JPMorgan Faces U.S. Order to Improve Compliance — SourcesJanuary 11, 2013U.S. regulators are likely to
order JPMorgan Chase & Co to correct lapses in how it
polices suspect money flows, in an action expected as soon as
Friday, people familiar with the situation said.
Ten Most Significant Operational Risks of 2012January 09, 2013Andrew Waxman takes a look at the most significant operational risks, including the Facebook IPO and Knight Capital Fiasco, that occurred on Wall Street in 2012.
BofA, Other Banks Move Closer to Ending Mortgage MessJanuary 08, 2013Bank of America Corp
announced more than $14 billion of legal settlements
over bad mortgages it sold to investors and flaws in its
foreclosure process, taking the bank a step closer to ending the
home loan problems that have dogged it for years.
JPMorgan Investment Bank Chairman Leaves for Hedge FundJanuary 08, 2013James "Jes" Staley is leaving
his job as chairman of the investment banking unit of JPMorgan
Chase & Co to join a hedge fund that profited from the
bank's $6.2 billion derivatives loss at the hands of the "London
Whale" trader.
