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Traders

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 11.28.2011 | 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.

Summers/Geithner Plan: Bank Heist One More Time

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.

Sad, Scared Traders: The Global Financial Crisis In Pictures (SLIDESHOW)

Huffington Post | Nour Akkad | Posted 05.25.2011 | Business

After the United States began struggling with an economic crisis while the world watched, the crisis conditions spread rapidly into other countries an...

Traders With Higher Testosterone Make (And Lose) More Money

Bloomberg | Lisa Rapaport | Posted 05.25.2011 | Business

Traders who start the morning with high levels of the hormone testosterone, produced in the testes, will probably make more money that day, a study fo...

Traders Bet On Obama

Reuters | David Alexander | Posted 05.25.2011 | Business

Democratic presidential contender Hillary Clinton will win several state nominating contests in the coming months but has little chance of becoming th...

Citigroup To Cut 2,000 More Jobs

New York TImes | Posted 05.25.2011 | Business

Citigroup plans to lay off another 2,000 investment bankers and traders before the end of the month, people close to the situation said on Wednesday. ...