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Senator Schumer Calls for Ban on "Flash Orders"

Jul 28, 2009 @ 11:14 AM By Ivy Schmerken,

New York Senator Charles Schumer is weighing in on the use of flash orders by high frequency traders, and even asking the Securities and Exchange Commission to ban the practice. If Schumer gets his way, so-called “flash orders” could soon be a flash in the pan!

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Commodities Portal Shines Light Into OTC Derivatives Darkness

Jul 23, 2009 @ 11:37 AM By Ivy Schmerken,

With the government pressing for more transparency into OTC derivatives, it was interesting to learn that OTC energy markets are also fragmented and that participants are hunting for information in the dark.

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Goldman Sachs' Head Turning Quarter

Jul 14, 2009 @ 11:33 AM By Ivy Schmerken,

Despite concerns over a theft of high frequency trading code last month that reportedly cost the firm millions of dollars, this had no effect on Goldman Sach's second quarter earnings. Goldman Sachs reported $13.76 billion in revenues for the second quarter of 2009, beating analysts’ expectations of $10.66 billion.

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Accused High Frequency Trading Programmer Is A Ballroom Dancer

Jul 9, 2009 @ 12:00 PM By Ivy Schmerken,

Serge Aleynikov, who was arrested and charged with stealing Goldman Sachs’source code for high frequency trading software, was a competitive ballroom dancer.

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Merkin’s Art Sale: Is It Too Murky?

Jul 2, 2009 @ 01:19 PM By Ivy Schmerken,

Victims of Bernard Madoff's securities fraud may see some payback from one of the feeder fund managers that helped fuel Madoff's global investment crime spree. New York money manager J. Ezra Merkin is selling his prized art collection of Mark Rothko paintings and Alberto Giametti sculptures, according to a report in the
The Wall Street Journal.

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