SAC Capital: When The Feds Came Knocking
Early on Friday March 29, federal agents arrested the portfolio manager of SAC, the largest hedge fund in the country. Will SAC Capital founder Steve Cohen, who just enjoyed a week of retail therapy which saw him snap up mansions and Picassos, be next to see the Feds come knocking? Here’s a timeline of events that have put SAC Capital at the center of an insider trading scandal.
Limit Up-Limit Down: Where’s the Limit?
It seems like the Limit Up-Limit Down rule is a blanket oversight that fails to tackle the real issue around extraordinary market volatility, the rise of high frequency trading and rogue algorithms.
Wall Street Retreats on Euro-Zone Concerns
U.S. stocks dipped on Wednesday as soft demand at an Italian debt auction kept concerns about the financial stability of the euro zone at the center of investor focus.
The End of Indian IT Staffing As We Know It
India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the hordes of entry-level computer coders they normally hire as they try to squeeze more profits out of their staff.
Ten Things Compliance Officers Need To Do In 2013
Last year financial firms put an almost unprecedented focus on risk, control and compliance. That trend looks set to continue as organizations deal with the fall-out of regulatory change, major fines, and more.
Columbia University Professor Analyzes HFT
Based on what it calls 'the first meta-analysis of HFT,' Columbia Business School Professor Charles Jones finds that high frequency trading benefits liquidity and lowers trading costs, echoing other academic studies.
New Columbia Business School HFT Paper Is Disappointing
The study by Charles Jones cite the usual benefits of HFT: enhanced liquidity and more efficient markets. But what about the conflicts of interest and order types designed specifically for the benefit of high frequency players?
HFT: A Clear and Present Danger?
In January 2013, Congressman Edward J Markey declared that HFT represents a clear and present danger and should be curtailed immediately. Is he right?
What Need for Speed?
So you think our modern market has fewer opportunities for gaming? Think again. A brief history of how someone can beat you in the market.
U.S. Top Court Won't Hear Goldman Class Action Appeal
Goldman Sachs Group Inc
suffered a defeat on Monday as the U.S. Supreme Court let
stand a decision forcing it to defend against a class action
lawsuit claiming it misled investors about the risks associated
with mortgage securities.
LME Joins TMX Atrium Community
The world's leading non-ferrous metals exchange has become part of TMX Atrium's community, to gain access to investors involved with electronic, multiasset trading.
Ex-JPMorgan Exec Drew Says Not To Blame For 'Whale' Losses
A former top JPMorgan Chase
official blamed traders and managers who reported to her
for bets that led to $6 billion in losses for the bank, telling
lawmakers on Friday that her team changed projected losses and
hid important information from her.
Sequester Chokes SEC, Regulator Funds
As the market burns up the DOW, the SEC and other regulators will see their budgets slashed during the sequester. What happens if the government shuts down?
New Opportunities For Hedge Funds
The door has opened for hedge fund admins — who, with few exceptions, continue to enjoy a view of the fund’s entire investment book — to offer new services traditionally provided by their prime broker.