CME Vows Not to Sway Membership Prices After MF Global Sales
05/23/2013 3:20:57 PM ET
CHICAGO (Reuters)—CME Group Inc. will never influence the price of its memberships, Executive Chairman Terry Duffy said on Wednesday [May 22] after seats formerly owned by bankrupt broker MF Global Holdings Ltd.
Goldman Unveils Checks on Conflicts in Bid to Fix Image
05/23/2013 2:53:24 PM ET
SALT LAKE CITY (Reuters)—After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc. CEO Lloyd Blankfein claimed success in putting his bank and his legacy back on track.
Elpida Seeks U.S. Court Approval For Sale to Micron
05/22/2013 1:02:42 PM ET
WILMINGTON, Del. (Reuters)—Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday [May 22] to enforce its reorganization plan sale to Micron Technologies Inc.
Goldman's Special Situations Group Names New Global Head
05/01/2013 3:26:04 PM ET
NEW YORK (Reuters)—Goldman Sachs Group Inc. has named Julian Salisbury to become head of its Global Special Situations Group, as current head Jason Brown retires, according to memos sent on Wednesday [May 1] that were obtained by Reuters.
Noble Hires Evans to Bolster Base Metals Operations
04/29/2013 3:07:01 PM ET
NEW YORK (Reuters)—Goldman Sachs' former senior physical metals trader Scott Evans will join Noble Group as the Hong Kong-based commodity trading house expands its base metals operations.
Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.
By HedgeWorld Staff
08/20/2008 3:59:29 PM ET
Penserra, BIDS Trading in Agreement
NEW YORK (HedgeWorld.com)—Agency broker Penserra Securities and BIDS Trading on Wednesday [Aug. 20] announced an agreement whereby Penserra's institutional investor client base will get direct access to the BIDS Trading crossing system.
E.U. Manipulation Probe Spotlights Oil Firms' Trading Desks
05/22/2013 11:44:54 AM ET
LONDON (Reuters)—Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
Regulators have scrutinized banks, trading houses and commodities markets more closely following the LIBOR benchmark rigging scandal, but trading desks at oil majors have largely escaped attention.
Credit Rating Firms Sow Doubt on Euro Zone Bond Rally
05/22/2013 11:23:24 AM ET
LONDON (Reuters)—Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.
The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European Central Bank's promise to take whatever measures are necessary to safeguard the common currency, have been buying lower-rated bonds because of the higher returns or "yields" they earn on them.
Lew: Foreign Officials Too Critical on Swaps Rules
05/21/2013 3:27:56 PM ET
WASHINGTON (Reuters)—Foreign countries are being too critical and potentially hurting delicate negotiations with U.S. regulators over how broadly they should apply new over-the-counter derivatives rules to trades that cut across borders, U.
High-Speed Trading a Stiff Challenge For U.S. Regulators
05/20/2013 10:52:56 AM ET
CHICAGO (Reuters)—Financial trading in world markets has grown so lightning-fast that effective regulation is growing tougher by the second, increasing the threat of crashes sparked by hoaxes, electronic glitches or yet-unknown causes.
The latest alarm was triggered by a fake tweet saying that the White House was bombed, prompting a U.
Lipper Hedge Fund Performance - April 2013 - Event-Driven (U.S. Funds)
05/22/2013 12:54:38 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all U.S. funds open to investment.
Lipper Hedge Fund Performance - April 2013 - Event-Driven (All Funds)
05/22/2013 12:53:51 PM ET
CHICAGO (HedgeWorld.com)—The chart below contains hedge fund performance data from the Lipper Hedge Fund Database for all funds open to investment. Performance listed is absolute performance.
Opinion: The Many Interpretations of Ben Bernanke
By Anatole Kaletsky, Reuters
05/23/2013 1:08:22 PM ET
Anatole Kaletsky is a Reuters columnist. The views expressed are his own.
On Wednesday [May 22] in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.
Opinion: Japan Rates May Torpedo Recovery
By James Saft, Reuters
05/22/2013 4:30:11 PM ET
James Saft is a Reuters columnist. The views expressed are his own.
Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics.
Dollar Power From Freddie/Fannie Bad for Commodities
09/09/2008 11:32:54 AM ET
NEW YORK (Reuters)—Investors, ready to hammer commodities down after driving them to record highs just months ago, may find more inspiration for their pessimism after the bailout of U.S.
Analysis: Zinc Prices to Slide Further on Oversupply
09/02/2008 11:18:04 AM ET
LONDON (Reuters)—With sliding zinc prices taking their toll on miners, they can be forgiven for asking when the market will turn upwards—not any time soon, according to market experts.
The industry has seen mine closures and output cuts as energy, labor and equipment costs rise while zinc prices drop.