Monthly Archives: June 2012

SEC Could Seek Nasdaq Upgrading

Posted on June 30, 2012 by Innovator

Jenny Strasburg and Jacob Bunge of The Wall Street Journal report that Nasdaq OMX may be forced by securities regulators to upgrade its trading systems in the wake of last month’s glitch ridden stock sale by Facebook. The Securities and … Continue reading →

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Cantor Fitzgerald Plans to Hire 1,000

Posted on June 30, 2012 by Innovator

Julie Steinberg of the Wall Street Journal reports that apparently it pays to be a small fish in a big pond. Cantor Fitzgerald, a smallish investment bank that’s private, still plans to hire 1,000 people in the next several years, … Continue reading →

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Views From the Top: Discussing Changes to the World of Trading

Posted on June 30, 2012 by Innovator

Earlier this week, the Financial News reported that the world of trading is under attack on several fronts, as a slew of new rules from Dodd-Frank in the US and the international Basel III capital rules, to the European market … Continue reading →

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Unlocking the Genius of the World’s Top Hedge Funds

Posted on June 30, 2012 by Innovator

Join hedge fund, alternative investments, private equity, high-frequency, algorithmic and proprietary trading managers, investors, executives and professionals from the most prestigious firms for networking, cocktails, and a unique presentation from author and CNBC Hedge Fund Specialist Maneet Ahuja on July 10th. … Continue reading →

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China’s Stocks Rise for First Time in 8 Days on Europe Optimism

Posted on June 29, 2012 by Innovator

Zhang Shidong of Bloomberg News reports that China’s stocks rose for the first time in eight days on speculation the European debt crisis that has slowed global growth is easing after the region’s leaders agreed to ease repayment conditions for … Continue reading →

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Citigroup Moves Trader Putcha to Help Internal Hedge Fund

Posted on June 29, 2012 by Innovator

Donal Griffin of Bloomberg News reports that Citigroup Inc. (C) has moved Ramakrishna Putcha, a former proprietary trader, into an internal hedge fund that makes bets with about $200 million of the firm’s money after the portfolio slid 14 percent … Continue reading →

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Wall Street Rallies After EU Agreement

Posted on June 29, 2012 by Innovator

Rodrigo Campos of Reuters reports that Wall Street rallied on Friday, with major indexes trimming quarterly losses, after euro zone leaders agreed to allow rescue funds to be used to stabilize the region’s banks. Details of the agreement, which includes … Continue reading →

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Euro Surges, Stocks Jump After Euro Zone Deal

Posted on June 29, 2012 by Innovator

Herbert Lash reports in Reuters today that the euro recovered nearly 2.0 percent and stocks on major bourses jumped on Friday after euro zone leaders agreed on measures to cut soaring regional borrowing costs in Italy and Spain, in addition … Continue reading →

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Independents Benefit From ‘Dark Pool’ Access

Posted on June 29, 2012 by Innovator

Simon Mundy wrote earlier this week in the Financial Times that a small number of independent stockbrokers have started offering access to “dark” trading platforms, profiting from a phenomenon that many peers say has contributed towards the industry’s dwindling revenue … Continue reading →

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John Paulson’s Returns Falter Again; Investors Fret

Posted on June 28, 2012 by Innovator

Today in Reuters, Svea Herbst-Bayliss reports that billionaire trader John Paulson has told his wealthy investors that he has learned from his mistakes of 2011, which produced enormous losses for his closely watched hedge fund. The founder and manager of … Continue reading →

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