That’s Jérôme Kerviel’s strategy, anyway. The former Société Générale trader, who racked up 5 billion euros’ worth of unauthorized trading losses and was sentenced to three years in prison back in 2010, is hoping to clear his name by walking about 900 miles from Rome to Paris, hanging out with Pope Francis, and charming Carabinieri officers with his trading-floor tales along the way. … [Read more...] about A Convicted Rogue Trader Is Walking 900 Miles for Forgiveness, Fun
Adani ports 4 traders
2. High-frequency traders have made the cost of trading stocks lower, not higher.“If you just listened to what [Lewis] said, you’d think, Oh my God, the stock market is incredibly unfair, I don’t stand a chance. But what he’s not saying is that empirically, transaction costs for the average investor are lower today than they’ve ever been in the history of the stock market. Studies by people like Vanguard and Blackrock are saying, ‘We’re saving a lot of money for our customers because of the new electronic market structure.’” … [Read more...] about 9 Gripes From a Leading High-Frequency Trader About Michael Lewis’s ‘One-Sided’ Book
The two people who tested positive are from South Australia and Western Australia and are understood to be well. They have been put in a separate isolation unit and will be flown to their home states to be treated for coronavirus, also known as COVID-19. … [Read more...] about Two Australian passengers evacuated to Darwin test positive for coronavirus
Some of this may be happening independently of Lefevre. For example, this Instagram photo taken last night outside the Goldman Sachs building in lower Manhattan, posted to the @GoldmanSachsElevator account (follower count: 15,000), would seem to indicate that Lefevre, who is in Texas, isn’t the only one posting on the persona’s behalf. But there’s no provable link between @GSElevator on Twitter and @GoldmanSachsElevator on Instagram – the two may belong to the same individual(s), or it may be one poseur seizing on a popular Twitter handle and porting it to another platform. … [Read more...] about Is the @GSElevator Mystery Really Solved?
"The overlying question is the uncertainty over the coronavirus and whether it's going to spread further and impact global economic activity before things stabilize and ultimately get better," said Michael Sheldon, executive director and CIO at RDM Financial Group at Hightower in Westport, Connecticut. … [Read more...] about Wall Street eases, led by tech decline on mounting fears coronavirus could spread