A Cold Shower for New Hedge Funds
Five years ago you couldn't walk down Wall Street without tripping over a new hedge fund. But thanks to new rules, traders aren't so quick to leave their cushy bank jobs and fly solo.
Banks Ditch Prop Trading to Court Regulators
Despite being given plenty of wiggle room by regulators to comply with the Volcker Rule, Wall Street's largest banks are wasting no time in shutting down their proprietary trading operations.
Dimon Hates New Regs
The JP Morgan chief criticized the CFTC swaps crackdown and Dodd-Frank in no uncertain terms.
Reaching 100% STP - Why Not? Why Now?
Firms have grown too complacent and comfortable with the STP they have achieved and thus are not pursuing the greater goal of 100 percent STP across all asset classes.
Goldman Gets Gangster with Tokyo Employees
Executives who parachuted in to give fearful employees a pep talk also conveyed a stern warning to its Tokyo staff, CNBC said. Don't leave Tokyo and don't leave Japan. If you do, don't expect to keep your job, CNBC reported, citing a person familiar with the matter.
OTC Derivatives Coming Under Regulatory Scrutiny
After operating for years in the shadows, over-the-counter derivatives are coming under scrutiny from regulators. While some critics fear fragmented markets will dry up liquidity, others worry about the details of clearing. What's in it for the buy side?
Hedge Funds Bet on Asia Pacific
While the aftershocks of Japan's earthquake, tsunami and nuclear crisis continue to unfold, hedge funds are sprouting up in Asia Pacific and U.S. investors are buying Japanese ETFs.
Morgan Stanley Unveils VWAP for FX
Morgan Stanley announced the rollout of an over-the-counter algorithmic trading platform that provides institutional investors with flow-weighted average pricing in currencies.
Inside the Bloomberg Machine
Thirty years after it was founded, Bloomberg LP has woven its technology into the fabric of Wall Street’s front office. Superior customer service and rapid technology upgrades have generated a loyal customer base and billions in profits. Here’s an inside look at how Bloomberg pushes out new technology at a phenomenal pace.
New Technologies To Stop Insider Trading
With the biggest insider trading trial in history currently under way, Wall Street firms are ramping up their technology to try to prevent market abuses before it's too late.
Morgan Stanley Hit With Lawsuit for Stock Plunge
Diversify, diversify, diversify. And never bet your entire nest egg on company stock. It's investing 101. But six Morgan Stanley employees who paid dearly for not going that route aren't taking their losses quietly.