Tag Archives: securities

Texas Day Trader Sued by SEC Over High-Frequency Trading Claims

According to Bloomberg’s Joshua Gallu, A Texas day trader illegally raised more than $6 million from the Houston-area Lebanese community by making false promises that his algorithmic trading program would generate 30 percent returns, U.S. regulators said. Firas Hamdan, 49, hid $1.5 … Continue reading

Posted in Articles, Business, Finance, High Frequency Trading, SEC, The Wall Street Journal, U.S. Economy | Tagged , , , , , , , , , , | 1 Comment

In High-frequency Trading, Millisecond are Worth Fortune

Regulators all over the world are undertaking intensive studies to see how markets are being influenced by high-frequency trading. “High-frequency traders can see things a millisecond ahead of the rest of us, but a millisecond is worth a fortune,” says … Continue reading

Posted in High Frequency Trading, knight capital, NASDAQ, NYSE, Practitioners, TABB Group poll, Wisdom Bits, World Economy | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Facebook Backer Turns His Attention to Brazil

Reuters – By Sarah McBride and Esteban Israel – June 8, 2012 (Reuters) – One of Facebook’s earliest investors has turned his attention to a distant market with a small but lively start-up scene: Brazil. Kevin Efrusy, the partner at … Continue reading

Posted in Articles, Business, Finance, World Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

European Stocks Fall as German Exports Drop, Spain Cut

Bloomberg News – By Adria Cimino – June 8, 2012 European stocks retreated, with the Stoxx Europe 600 Index paring its weekly gain, after German exports slumped more than forecast and Fitch Ratings cut Spain’s credit rating. Hennes & Mauritz … Continue reading

Posted in Articles, Breaking News, Business, Finance, World Economy, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Stock Futures Fall On Caution Over Spain’s Banks

Reuters – By Edward Krudy                 June 8, 2012 (Reuters) – Stock index futures fell on Friday as investors erred on the side of caution ahead of a weekend expected to bring new developments in dealing with Spain’s banking crisis. Spain … Continue reading

Posted in Articles, Breaking News, Business, Finance, U.S. Economy, World Economy, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

JPMorgan Trading Loss Shows Danger In Bank Size -Volcker

Reuters – June 7, 2012 NEW YORK, June 7 (Reuters) – Former Federal Reserve Chairman Paul Volcker said JPMorgan Chase’s recent multibillion-dollar trading loss may show that the nation’s largest banks are too big to manage. JPMorgan revealed last month … Continue reading

Posted in Articles, Business, Finance, Practitioners, U.S. Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

NYSE Program Trading Jumped Last Week as Volume Rose

Dow Jones Newswires – By Ben Rubin – June 7, 2012 Program-trading activity increased on the New York Stock Exchange last week as the overall volume rose from a week earlier, according to the latest data from the NYSE Euronext … Continue reading

Posted in Articles, Business, Finance, U.S. Economy, World Economy, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Blackrock’s Fink Says Dimon ‘Inflamed’ Scrutiny of Losses

Bloomberg News – By Dawn Kopecki – June 7, 2012 JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon “inflamed” public debate over a trade in London that has so far cost at least $2 billion, BlackRock Inc. (BLK) … Continue reading

Posted in Articles, Business, Finance, U.S. Economy, World Economy, World Exchanges | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Aflac Adds BlackRock’s Stevens As Head of Global Trading

Bloomberg News – By Zachary Tracer – June 7, 2012 Aflac Inc. (AFL), the world’s biggest seller of supplemental health insurance, hired Timothy “Chip” Stevens for the newly created post of global head of trading as the insurer increases its … Continue reading

Posted in Articles, Business, Finance, U.S. Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Stern Advice-The Cheap New Trend in Investing

Reuters – By Linda Stern – June 7, 2012 (Reuters) – How cheap can investing get? We’re about to find out. A new brokerage site will allow individual investors to build big research-driven stock portfolios for pennies. And a new … Continue reading

Posted in Articles, Business, Finance, Practitioners, U.S. Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment