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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: trading

trading stories: 12 news summaries

 Bartering Turns Into 
 $10B Recession-Buster 

More businesses signing on to trend of exchanging services

Oct 27, 09 1:19 PM CDT
(Newser) - The global recession has made bartering hot, but don’t go thinking it’s all a backrub for a plumbing fix. Big money—though no cash—is changing hands through the world’s largest barter service, Bartercard. The worldwide service’s transactions are valued at $2 billion this year, up... More »

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Iraq • England • business • recession • trading • global economy • barter • bartering

(Newser) - Traders using high-speed computers are making billions of dollars and leaving the rest of the stock market in the dust, the New York Times reports. "High-frequency" traders, who use algorithms to make millions of trades in microseconds, have helped big banks and hedge funds bounce back quickly, but critics... More »

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stock market • Wall Street • New York Stock Exchange • Goldman Sachs • trading • algorithms • high-frequency trading

Once-Frenzied NYSE Traders Twiddle Thumbs

Tech upgrades, less volume translate to
gin rummy, anyone?

May 4, 09 8:23 AM CDT
(Newser) - Though financial markets are as unpredictable as ever, the once-frenzied floor traders at the New York Stock Exchange are finding themselves with less to do. The introduction of a hybrid electronic system in 2006 has trimmed the workload of the iconic floor traders, who instead play cards, watch movies, or... More »

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New York Stock Exchange • trading • equity trading • NYSE Euronext • traders

 Bartering Makes a Comeback 


Mar 14, 09 12:28 PM CDT
(Newser) - Around the world, websites that enable users to trade goods and services for the same are thriving in the down economy, the Washington Post reports. Craigslist, for instance, says bartering on the site has doubled in the past year. One Washington man got a plumber in exchange for a... More »

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Craigslist • recession • trading • website • economic downturn • barter • bartering

(Newser) - A rogue Merrill Lynch trader appears to have posted some $400 million in undisclosed losses in recent months, the Financial Times reports, covering his tracks with the “irregularity” the firm’s London branch is currently investigating. Alexis Stenfors, now suspended, reported $120 million in gains in 2008’s fourth... More »

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fraud • London • executive compensation • Bank of America • mergers and acquisitions • Merrill Lynch • trading • John Thain • Alexis Stenfors

Vast Madoff Options Scheme Didn't Add Up

SEC unfurls $50B scam that should have been obvious

Dec 16, 08 8:59 AM CST
(Newser) - For every detail that emerges from the 17th-floor office of Bernard Madoff, two more inconsistencies arise. A federal judge ordered the liquidation of Madoff’s eponymous investment firm and a federal agency has begun to try to compensate clients. Meanwhile, scrutiny of clients'  financial statements shows Madoff's stated strategy of... More »

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private equity • trading • stock options • defrauding investors • hedge funds • Bernard Madoff

  AIG Rescue Boosts Euro 
  Stocks; Asia Rally Fades 

Still 'edgy,' notes analyst

Sep 17, 08 4:49 AM CDT
(Newser) - European stocks edged up today for the first time in three days on news of the US government's $85 billion bailout of insurance giant AIG—but an early rally in Asian markets faded, reports Bloomberg and the New York Times. Europe's Stoxx 600 climbed as much as 1.9% after... More »

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stock market • financial markets • trading • AIG • bailout • stock index • financial crisis

Computer Crash Paralyzes London Trading

Dealers miss out
on millions in stock market surge

Sep 9, 08 1:55 AM CDT
(Newser) - A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have... More »

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stock market • London • financial markets • London Stock Exchange • trading • FTSE • computer glitch

System Vulnerable to 'Genius' Rogue Traders

Criminal financial wizards can run amok, experts warn

Jan 30, 08 6:55 PM CST
(Newser) - Banks hoping to weed out potential rogue traders need to realize that they can strike anywhere, any time—and that their best traders could be the likeliest suspects, Reuters warns. "All of the things that make a great trader make a great fraudster, too," noted a consultant. Experts... More »

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fraud • trading • financial institutions • stock fraud • Jérôme Kerviel • Société Générale

Living on the Edge in Connecticut

Will hedge-fund legend Victor Niederhoffer go broke again?

Oct 15, 07 7:00 AM CDT
(Newser) - Victor Niederhoffer is many things: a champion squash player, a family man (six children from two wives and a mistress), a blogger, and a math prodigy.  But mostly he is a trader. He amassed huge wealth working with George Soros in the 1980s, losing it all in 1997. He... More »

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stock market • University of Chicago • Connecticut • hedge fund • trading • equity trading • risk management • Harvard • Victor Niederhoffer • squash • Manchester Trading

(Newser) - Wall Street is dizzy after mixed signals threw traders into buy mode despite an abundance of bearish indicators today, making for one of the most volatile days in weeks. The Dow finished up 150.38 points at 13362.37, even after Asian markets plummeted across the board last night, a... More »

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Wall Street • Asia • subprime mortgages • Bausch and Lomb • Bear Stearns • hedge fund • trading • markets • Nikkei • Hang Seng • Beazer

China's Stock Market Drops 8%

Fear of more government regulations drives rampant selling

Jun 4, 07 1:20 PM CDT
(Newser) - China's stock market plummeted more than 8% today in one of the biggest drop-offs of the decade. A trading tax increase intended to cool a boom that drove stocks up over 50% last week has set off widespread worry. But unlike the February 28 skid that depressed worldwide markets, today's... More »

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China • taxes • Chinese stock market • business • Shanghai Composite Index • stocks • trading

12 Stories


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