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BAAAAAAAAAAALLLIN’
http://www.youtube.com/watch?v=wezchlQMj1Y&feature=related
I do debt. Someone smarter than I please explain.
what is this? please explain, I work in PWM, gutted i know but a job is a job at the moment…
Dip Set, Dip Set, Dip Set!!!
Word is that the new FRMSN and KNGHTMPLR black box strategies are generating the volume.
I heard the same thing as #6
GS is apparently still very active in prop trading. More than 80% principal trades. Comparing this with 41% for CS, 28% for MS and 49% for MER, Goldmans should put more energy in attracting stable and recurring client business.
@8 i work on the buy-side at a ~$6b fund. i dont like giving trading business to goldman. their sales people are arrogant and give crummy service…the only time i ever get calls from them is when they are pimping a deal stock. i like their analysts though.
its going to take a lot of work for them to improve their perception amongst the buysiders.
OH SNAP!!! Someone call Maxine!!!
@10 why bother then? just continue raping those who bend over
a more stable and recurring client business would be nice for them to have, not to mention profitable.
although maybe from their perspective its not worth the effort.
6: Actually most of their volume is driven off of their SATN strategy.
9, you are so right. But I prefer them shaved.
stable and recurring client business is being given a fish.
prop trading business is having a fishing rod.
+1 for 6 and 11
by far some of the best comments in a long time
Equity Private stealing from Zero Hedge… it would be nice if you gave them a hat tip..
agreed @8, what happened to the simmering sibling rivalry?
also what is the timeline of these trades? how do dark pools figure? is principal really only their own book?
similarly as shoddy as ZH on this one, but again there was some light in the comments
These numbers are meaningless. Program Trading as a term meant something when most trades were executed on the NYSE. Per the NYSE website: “Program trading is defined as a wide range of portfolio trading strategies involving the purchase or sale of 15 or more stocks having a total market value of $1 million or more” That’s all it means. Seeing as the NYSE is lucky to trade more shares in NYSE listed stocks than NASDAQ does of NYSE stocks (http://www.batstrading.com/market_summary/) in a given day most Goldman Sach’s customers should be asking why Goldman is wasting its time trading at the venue with the least liquidity, highest explicit trading costs, worst market impact, and highest latency.
The current CEO of NYSE, as well as the former CEO, came from GS. GS was instrumental in the reverse-IPO that took NYSE public to begin with as well.
Once the CNBC studio rent money runs out the best use of the NYSE trading floor will be as a night club or event space.
GS = Plunge Protection Team (PPT)
Market manipulation thy name is GOLDMAN!
Trading against your customer is the new killing it!
Fo shizzle
http://www.liquidnet.com
suck it, sheep
-tgwwbh
Their BO-HICA strategy is working well. Bend Over- Here It Comes Again.