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Traders

April Showers Hit Markets: Bring an Umbrella to Trade

Terry Connelly | Posted 04.11.2014 | Business
Terry Connelly

Forces at work from Tokyo to Kiev have been roiling the U.S. stock market for a couple of week. But the financial sushi that is now on the menu in Japan, and Russia's "Crimea of the Century" are only part of the story.

Accused Insider Traders Charged In Bizarre Scheme That Involved Eating Post-Its

Reuters | Jonathan Stempel | Posted 03.20.2014 | Business

(Reuters) - A Morgan Stanley stockbroker and a clerk at a prestigious New York law firm were charged with insider trading in corporate mergers, in an ...

Study Finds Hormones' Surprising Affect On The Markets

Reuters | Posted 04.19.2014 | Business

* Stress may be under-recognised cause of market instability * Findings are from field and lab studies of cortisol levels ...

OMG: Goldman May Ban Some Online Chatting

Reuters | Posted 03.26.2014 | Business

Jan 23 (Reuters) - Goldman Sachs Group Inc may stop traders from using certain chat messaging services to protect internal conversations that are la...

Big Bank Cracks Down On Chat Rooms

Reuters | Posted 02.16.2014 | Business

LONDON, Dec 17 (Reuters) - JP Morgan Chase, the biggest U.S. bank by assets, is banning the use of multi-dealer online chat rooms and the use of suc...

The Goldman Affair: What Is the SEC Trying to Say?

Georges Ugeux | Posted 10.02.2013 | Business
Georges Ugeux

Beyond this case, a new question needs to be addressed: how accountable are the superiors of failing employees? Are employees supposed to second-guess the instructions they receive from their superiors?

Mark Gongloff

Bankers Struggle To Live On $1+ Million Pay: Report

HuffingtonPost.com | Mark Gongloff | Posted 05.02.2013 | Business

Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don't understand them: T...

It's So Easy To Rig Markets These Days

The Huffington Post | Mark Gongloff | Posted 11.13.2012 | Business

And now it's time for another installment in our continuing series, Manipulating Markets Is Easy. What have traders gone and manipulated this time? Th...

Libor Fraud Is Hilarious, Traders Say

The Huffington Post | Mark Gongloff | Posted 09.26.2012 | Business

Libor is a joke. Don't get me wrong, the London Interbank Offered Rate, or Libor, is deadly serious business, affecting $350 trillion in derivative...

Fat Finger? No Way

Nancy K. Humphreys | Posted 10.06.2012 | Business
Nancy K. Humphreys

Speed traders make a fraction of a penny in fees, paid by stock exchanges, for each of the quadrillions of orders that traders can execute within mere seconds -- while losing no money, ever.

Gold Prices Hit Lowest Level Of The Year

AP | SANDY SHORE | Posted 05.09.2012 | Business

-- Gold prices hit the lowest level of the year Wednesday as uncertainty about Europe's political and economic future dominated world financial marke...

Here's The Sh*t Sales Traders Say

Posted 02.27.2012 | Business

And it's finally dropped. No, we're not talking about Tupac's latest album from beyond the grave. It's the "Sh*t Sales Traders Say" video. Admitte...

Goldman Employee Under Fire Over Leaked Info

Reuters | Posted 04.15.2012 | Business

Feb 15 (Reuters) - A Goldman Sachs technology analyst is under investigation by federal authorities for leaking inside information to hedge funds, t...

Have Financial Markets Slipped Beyond Our Control?

Robert Harris | Posted 02.02.2012 | Business

By Robert Harris, author of The Fear Index If you want to know why the world economy is in such a mess take a trip to Waxahachie, Texas, and look a...

Animated Video Chronicles Rise To Fame Of The 'Trader From Hell'

Posted 03.14.2014 | Business

Alesso Rastani’s fifteen minutes of fame aren’t quite over yet. The "independent trader" that told the BBC that he dreams of another recession...

This Little Piggy Went to the Gas Market

John Bates | Posted 08.30.2011 | Business
John Bates

Historically, fat finger trades -- where a trader presses the wrong key or adds a zero too many on an electronic trading system -- were considered exclusive to equities markets. But they are now stretching their piggy little digits into other asset classes.

Traders Betting Big On Guilty Verdict In Huge Insider Trading Case

Posted 06.29.2011 | Business

NEW YORK: Traders are betting there is a 90 percent chance that hedge fund manager Raj Rajaratnam will be found guilty of insider trading when the...

Goldman Sachs' Derivatives Generated 35% Revenue

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Goldman Sachs made up to 35 percent of its 2009 revenue from derivatives, according to recent documents disclosed to the Financial Crisis Inquiry Comm...

Market Monkeys Guarding Bananas Again

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The probe into the "flash crash" has yet to report the cause, but whatever it is will provide another example that the system is dangerously unpoliced and that manipulative behavior is unchecked.

French Rogue Trader's Trial Begins

AP | ANGELA DOLAND | Posted 05.25.2011 | Business

PARIS — Jerome Kerviel says he's living the simple life these days. The former French trader accused of gambling away billions of his bank's mon...

Gary Gensler of the CFTC: Reformer or Wolf in Moth Eaten Sheep's Clothing?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

While Gary Gensler and his CFTC Vaudeville act continue to fiddle away, their distortion in oil prices is burning a billion dollar hole a day in American consumers pockets.

Poker Pros Make Excellent Traders, Says Harvard Finance Professor

bloomberg.com | Mason Levinson | Posted 05.25.2011 | Business

Nov. 20 (Bloomberg) -- Brandon Adams, who teaches behavioral finance at Harvard University's Department of Economics, says some of the best candidates...

Goldman Sachs' Lost 'Ethos' Puts Traders -- And Profits -- Ahead Of Clients

nytimes.com | JENNY ANDERSON | Posted 05.25.2011 | Business

But as President Obama prods the financial industry to do more to help ordinary Americans -- he chided 'fat cat' bankers -- on Sunday for increasing t...

Morgan Stanley On Hiring Spree

thestreet.com | Posted 05.25.2011 | Business

Morgan Stanley (MS Quote) is planning to hire as many as 400 traders and sales people, according to a report, as the firm moves to compete better with...

Even Your Friends are Enemies

Joe the Trader | Posted 05.25.2011 | Business
Joe the Trader

A couple of months ago I had lost out on a job to someone I knew. While it stung, at least I found out who my competition was after the fact. Now I was sitting across the table from my competitor -- who was also my friend.