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Senior Manager
Joined: 01 Mar 2009
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Location: PDX
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09 Jul 2009, 12:27
http://www.bloomberg.com/apps/news?pid= ... qIBznBttBc

I 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: 441
Location: Vagabond
Schools: BC
WE 1: Big4, Audit
WE 2: Banking
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Kudos [?]: 82 [0], given: 41

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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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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.

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
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Kudos [?]: 134 [0], given: 10

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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
Senior Manager
Affiliations: ACA, CPA
Joined: 26 Apr 2009
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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.

Manager
Joined: 22 Oct 2009
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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
Senior Manager
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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

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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.

Current Student
Joined: 05 Jan 2010
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03 Jul 2010, 17:54
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.
VP
Joined: 11 Dec 2006
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Schools: NYU Stern 2009
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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
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16 May 2012, 09:49
wow ridiculous for sure!
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