Tag Archives: investment banking

Regulation Will Wreak Havoc On Shadowy NDFs

Reuters – By Vidya Ranganathan and Rachel Armstrong – June 7, 2012 (Reuters) – It has been the dark side of currency markets: a secretive multi-billion dollar world of simulated contracts that skirts around government controls and rules. Now regulators … Continue reading

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US Stocks Jump After China Moves To Stimulate Growth

The Wall Street Journal – By Chris Dieterich – June 7, 2012 NEW YORK–Stocks rose as dovish comments from U.S. central bankers and a surprise interest-rate cut in China boosted hopes for more stimulative action. The Dow Jones Industrial Average … Continue reading

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Bernanke Offers Few Hints of Fed Stimulus

Reuters – By Pedro da Costa and Mark Felsenthal – June 7, 2012 (Reuters) – Federal Reserve Chairman Ben Bernanke said on Thursday the central bank was ready to shield the economy if financial troubles mount, but offered few hints … Continue reading

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Wall St and Republicans Team Up to Curb CFTC

Reuters – By John Kemp – June 7, 2012 (Reuters) – Politics is brutal. Just how brutal became apparent Wednesday when Wall Street teamed up with Republican lawmakers in the U.S. House of Representatives to emasculate the Commodity Futures Trading … Continue reading

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Labor Dept.: Trading Issues Spurred Changes In Jobs-Data Release

The Wall Street Journal – By Geoffrey Rogow – June 6, 2012 A Department of Labor official said planned changes in the release of the U.S. jobs report are aimed at addressing complications that have arisen as media companies have … Continue reading

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SEC Approves ‘Limit Up-Limit Down’ Plan To Curb Volatility In Stock Market, As High-Frequency Trading Grows

Reuters – By John McCrank – June 1, 2012 June 1 (Reuters) – U.S. securities regulators have approved a one-year pilot program for a plan designed to protect equity markets from volatile price swings in the wake of the “flash … Continue reading

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Citadel Says Other Firm’s Profit Shows Strategy Theft

The Wall Street Journal – By Juliet Chung  June 4, 2012 Citadel LLC, the money manager run by Ken Griffin, has held up a division’s shrinking profit as evidence that a fellow Chicago-based investment firm stole some of its proprietary … Continue reading

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EBS Meets New Rival: Its Best Customers

The Wall Street Journal – By Eva Szalay – June 4, 2012 LONDON—Six years ago, ICAP PLC Chief Executive Michael Spencer convinced banks to sell him their EBS currency-trading platform. These days, he is trying to convince the same banks … Continue reading

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Citadel Accuses Jump Employees of Stealing Secrets

Reuters – By Dan Wilchins and Herbert Lash – June 4, 2012 (Reuters) – Citadel, one of the world’s biggest hedge fund managers, has accused employees of a rival Chicago high-frequency trading firm of stealing its trading programs. It said … Continue reading

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Networks Built On Milliseconds

The Wall Street Journal – By Anton Troianovski               May 30, 2012 CARTERET, N.J.—A cellphone tower here, standing next to an abandoned bus that still says it’s bound for Richmond, has become one of the hottest properties in global finance. Trading … Continue reading

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