Goldman Sachs Makes Bad Trades, Wants Money Back

By: Wednesday August 21, 2013 1:10 pm

When things don’t go your way it is really a learning experience – life is like that sometimes. We all have to accept that life isn’t fair and sometimes we lose despite what we think should happen – oh, unless we are Goldman Sachs.

 

Congressman Proposes Wall Street Sales Tax

By: Friday July 12, 2013 12:35 pm

Congressman Rush Holt, one of many candidates vying for the New Jersey Democratic Party’s nomination for U.S. Senate, has put out a campaign ad endorsing the financial speculation tax.

SEC Using High Frequency Trading Firm to Monitor High Frequency Trading

By: Monday October 8, 2012 3:32 pm

One of the areas that Sen. Ted Kaufman and his chief of staff Jeff Connaughton tried to focus on during his accidental two-year term in the Senate was high-frequency trading. The 2010 “flash crash” showed the potential dangers of this fast-growing industry. Consider that our financial system places a large emphasis on where super-computers are sited relative to the trading machines.

As Felix Salmon points out, one of the consequences of the melting polar ice sheet is not just that companies want to drill for oil in the Arctic. They want to lay cable through the shorter Arctic route, to increase the speed of information between the US and Asia by a matter of 20-60 milliseconds. And that infinitesimal shaving off the time of a trade matters. It’s the difference between placing a trade too early and placing it too late. It means billions upon billions of dollars. And that’s a huge problem.

Official Report on Flash Crash: Nothing to See Here

By: Wednesday October 6, 2010 8:40 am

The SEC-CFTC report on the flash crash is out. Nothing to see here, just business as usual in the securities markets. Somehow that isn’t reassuring.

Professional Traders Exited Market Before Flash Crash

By: Sunday August 15, 2010 10:30 am

The Flash Crash dumped losses onto retail traders and profits onto Wall Streeters. Big surprise.

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