Tag:
Trading Desks
Latest Headlines
Latest Headlines
Delta One desks, ETFs and the UBS fiasco
Both Kweku Adoboli, the UBS trader who was arrested for his role in the latest European rogue trading scandal, and before him Jérôme Kerviel, the Société Générale rogue responsible for $6.8 billion in losses in 2008, worked on Delta One desks, which have thrived in this Golden Era of exchange trad
Why JPMorgan is exiting prop trading
The decision by JPMorgan CEO Jamie Dimon ( Jamie Dimon news) to exit proprietary trading has been attributed to Dodd-Frank, in particular the Volcker Rule. But you have to wonder if the bank was considering a drastic scale back anyhow.
Some huge prop trading losses may have left a sour tast
Cliff hanger: Will banks be forced to give up derivatives units?
Will the proposal to force big banks to give up their derivatives trading units survive the final Congressional negotiations on what looks to be a historic reform package? It sure looks that way, to the chagrin of Wall Street, which is making its last stand this week .
As of now, the propos
Insider trading on TARP info?
Say it isn't so. Neil Barofsky, the SIG-TARP, or special inspector general for TARP, is looking into the possibility that news about TARP announcements filtered down to the trading desks of big banks, where it was used for illegally trading. If this blows up, it would be another devastating PR blo
Data centers: The new everything
The data center has been the focus of lots of attention by operations types for a while. But the strategic implications of data center issues have grown to the point that we're seeing more pulled
Prop trading desks: A thing of the past?
Prop trading isn't what it used to be. Traders in general are thought to be good candidates for downsizing right now. This is reflected by the fact that proprietary trading desks seem to be becoming a thing of the past. JPMorgan got rid of its desk. And Merrill Lynch is following suit, according t
Trading-optimized phones still a key technology
In this era of rampant electronic trading, you would think that telephones, except of the BlackBerry variety, would be on the endangered species list. You would be wrong. The lowly telephone remains
