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Senior Manager
Joined: 01 Mar 2009
Posts: 375
Location: PDX
Followers: 5
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Goldman's expected record trading revenues [#permalink]
 09 Jul 2009, 12:27
http://www.bloomberg.com/apps/news?pid= ... qIBznBttBcI guess the controversial 'algorithmic trading' has a big role to play in these earnings.
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Senior Manager
Affiliations: ACA, CPA
Joined: 26 Apr 2009
Posts: 448
Location: Vagabond
Schools: BC
WE 1: Big4, Audit
WE 2: Banking
Followers: 4
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Re: Goldman's expected record trading revenues [#permalink]
14 Jul 2009, 21:57
Lets see what do they in store for the next qtr now that the cat is out of the bag. pleonasm wrote: http://www.bloomberg.com/apps/news?pid=20601087&sid=a6qIBznBttBc
I guess the controversial 'algorithmic trading' has a big role to play in these earnings.
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Director
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 10
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Re: Goldman's expected record trading revenues [#permalink]
21 Jul 2009, 20:16
Larry Fink says a lot of it is due to wider spreads on trades due to lack of competition. http://www.ft.com/cms/s/0/11977bd6-764a ... abdc0.html
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Senior Manager
Affiliations: ACA, CPA
Joined: 26 Apr 2009
Posts: 448
Location: Vagabond
Schools: BC
WE 1: Big4, Audit
WE 2: Banking
Followers: 4
Kudos [?]:
23
[0], given: 41
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Re: Goldman's expected record trading revenues [#permalink]
05 Oct 2009, 06:29
Government sacs are upto doing what they do best. Making more $$$$ http://www.bloomberg.com/apps/news?pid= ... 7l8iZHA49A
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If you have made mistakes, there is always another chance for you. You may have a fresh start any moment you choose, for this thing we call "failure" is not the falling down, but the staying down.
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Manager
Joined: 22 Oct 2009
Posts: 245
GMAT 1: 760 Q49 V44
GPA: 3.88
Followers: 6
Kudos [?]:
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Re: Goldman's expected record trading revenues [#permalink]
03 Jul 2010, 09:26
This is a ridiculous article. Sure, Goldman may have a record trading year... But everyone else is, too! Nearly every big bank on wall street has had a perfect trading year thus far (every day has been profitable) and trading revenues should be through the roof with all the volatility Posted from my mobile device 
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Senior Manager
Affiliations: ACA, CPA
Joined: 26 Apr 2009
Posts: 448
Location: Vagabond
Schools: BC
WE 1: Big4, Audit
WE 2: Banking
Followers: 4
Kudos [?]:
23
[0], given: 41
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Re: Goldman's expected record trading revenues [#permalink]
03 Jul 2010, 09:37
Thats coz the game is rigged and dice is loaded. YourDreamTheater wrote: This is a ridiculous article. Sure, Goldman may have a record trading year... But everyone else is, too! Nearly every big bank on wall street has had a perfect trading year thus far (every day has been profitable) and trading revenues should be through the roof with all the volatility Posted from my mobile device _________________
If you have made mistakes, there is always another chance for you. You may have a fresh start any moment you choose, for this thing we call "failure" is not the falling down, but the staying down.
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Current Student
Joined: 05 Jan 2010
Posts: 377
Followers: 9
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Re: Goldman's expected record trading revenues [#permalink]
03 Jul 2010, 17:54
snipertrader wrote: Thats coz the game is rigged and dice is loaded.
Are you kidding? I just saw the guy behind the counter knock down those bottles. If he can knock 'em down, anyone can. Can you spare some cash, though? He took my last $20.
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VP
Joined: 11 Dec 2006
Posts: 1429
Location: New York, NY
Schools: NYU Stern 2009
Followers: 34
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216
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Re: Goldman's expected record trading revenues [#permalink]
09 Jul 2010, 08:06
The Algs have very little to play in making the money - it will be FICC again as the volume and spreads there make it a near foregone conclusion to make money. Chances are they will build that bit up again with the new legislation. The game is rigged only in so much that as a broker you should always be able to make money if you understand the market. The spread adjusts to the vol and you should always take a cent.
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Intern
Joined: 16 May 2012
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Re: Goldman's expected record trading revenues [#permalink]
16 May 2012, 09:49
wow ridiculous for sure!
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Re: Goldman's expected record trading revenues
[#permalink]
16 May 2012, 09:49
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