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Tag Archives: Goldman Sachs

John Lothian Newsletter: How Congress May Have Saved Goldman Sachs From Itself; Cargill to wind down $7bn hedge fund arm; Forex Scandal Drives Shift to Algo Trading John Lothian Newsletter,Newsletter

First Read MFA Updates Equity Market Structure Recommendations, Urges Regulators to Conduct Regular Data-Driven Volatility Control Reviews Press Release Managed Funds Association (MFA) today updated its equity market structure recommendations with the Securities and Exchange Commission (SEC) and other regulators. MFA’s recommendations would help improve critical market infrastructure, reduce operational risk, improve the overall quality of the U.S. equity markets and strengthen investor confidence through greater disclosure and transparency. jlne.ws/1iFGq9I **JK: MFA rarely turns to the media for anything, but when it does, we notice. ++++ Managed Funds Association Announces 2015-2016 Board of Directors Press Release Managed Funds Association (MFA)…

John Lothian Newsletter: ICE sets November date for delayed Singapore launch; Operation to steady China stocks a success, but patient comatose; Deutsche Boerse puts Asia exchange on back burner John Lothian Newsletter,Newsletter

First Read MarketsReformWiki Reaches a Milestone Doug Ashburn – JLN While we were sleeping, some time between midnight and 3 a.m. this morning, the page counter on MarketsReformWiki, our regulatory database, topped the 10 million mark, four and a half years after going live. The site was started in 2011, just as the CFTC, SEC and other regulators began proposing rules and hosting roundtables, and market participants responded with comment letters, white papers and other research. The goal of the site was simple – cut through the thousands of pages of legalese and present the information in a way that…

Chris White, Viable Mkts – De-Constructing Finance: Simplifying Wall Street Video

“The most important thing you have to do at the beginning of your career, and actually throughout your career, is to make sure your foundation is in place, because what happens is, people sort of shake their heads and pretend that they know things, and then eventually things get more complex and you realize you don’t know what you’re talking about.” Chris White learned the ins and outs of the markets while at Goldman Sachs, but to do that, he needed to master the financial language. He takes the audience through a fun, interactive word game that helps teach some…

Profiles: Blair Hull Interview,Video

It’s not every day you hear one of the most successful traders and businessmen in the industry say he got his start as a card counter in blackjack. “My brother-in-law told me that he made money in Lake Tahoe, enough money to pay for his vacations,” he said. “I said, ‘Well, if you do that consistently, you should be betting a lot more money and you wouldn’t have to be an accountant.’ “ So Hull put his own money where his mouth was and took up the game of blackjack for five years, learning probabilities and strategy. His success in…

John Lothian Newsletter: Banks braced for billions in civil claims over forex rate rigging; Navinder Singh Sarao: reclusive trader or criminal mastermind?; Hacking Case Raises Question on Securities Fraud John Lothian Newsletter,Newsletter

First Read Bits & Pieces Doug Ashburn, JLN First, a MarketsWiki Education update: today we are releasing a video that got the highest marks from the interns, college students and young professionals who attended the New York event in mid-July. The old NYSE dining room turned into a quiz show for 15 minutes, with former Goldman Sachs director Chris White as the emcee. He says many young people, afraid of asking a “stupid question,” miss out on some of the financial basics. Have a look below and test your financial literacy. The plans for our London event are progressing nicely,…

John Lothian Newsletter: Hackers tapped a bonanza of data for traders, US says; Tougher bank rules hit bond market trading; Dark pools back in the dock as regulators scrutinise ITG John Lothian Newsletter,Newsletter

First Read Bits & Pieces: Homecoming By John J. Lothian My daughter Katherine and three scouts from my Boy Scout troop returned home safely from Japan yesterday afternoon. Being a super-active teenager, Katherine immediately went to marching band camp from the airport without stopping at home. Katherine had a great time meeting scouts from all over the world. This was the first World Scout Jamboree where the U.S. Boy Scouts of America brought girls along. The U.S. is only one of six countries that separates Boy Scouts and Girl Scouts. Katherine attended the World Scout Jamboree as a Venture Scout…

John Lothian Newsletter: Germany Blasts Deutsche Bank Executives Over Culture; China Has the World’s ‘Safest’ Equity Market, HKEx CEO Says; SEC Cranks Up Probe Into Fund Firms’ Fees John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Doug Ashburn has been promoted to the position of chief operating officer of John J. Lothian & Company, Inc. He assumes this new role in addition to his roles as head of business development and editor at large for John Lothian News. Previously Jon Matte held the role of COO, one that he assumed when he joined the company in August of 2007 to help start building MarketsWiki.com. Jon left last January for a company in adventure tourism in Norway. Doug joined JJLCO in 2011 as an intern to help us…

John Lothian Newsletter: Libor Reform Has Not Gone Far Enough, Says Regulator; China Targets Short Sellers in Stock-Index Futures Contracts; Banks team up to resolve OTC swaps margin disputes John Lothian Newsletter,Newsletter

First Read MarketsWiki Education World of Opportunity Summer Intern Education Series Don’t forget to sign up your interns, newer employees or anyone who would be interested in or find value in the series. We are in New York on July 15 at the NYSE and in Chicago on August 4, 5, & 7. Find details on our newly redesigned www.marketswikieducation.com website. ++++ Court throws out former Goldman programmer’s conviction Ben McLannahan in New York, FT A former Goldman Sachs programmer has had his conviction for stealing code tossed out for a second time — the latest twist in a long-running…

John Lothian Newsletter: World Bank warns China to reform ‘distorted’ financial system; Deutsche Börse in talks to buy Stoxx stake in $697m deal; Goldman settles SEC charges over 2013 trading incident John Lothian Newsletter,Newsletter

First Read Summer Intern Education Series Update; Mayor Emanuel Joins Speaker List By John J. Lothian John Lothian News is pleased to report that Chicago Mayor Rahm Emanuel has agreed to speak at the August 7 session of the MarketsWiki Education World of Opportunity Summer Intern Education event to be held in offices of Trading Technologies We are also pleased to announce we have added NYSE COO Stacey Cunningham to our list of speakers for the New York events on July 15 to be held at the NYSE on Wall Street. As we are now two weeks away from the…