Until the stock market decline last year, unusually high volume of options trades often were early indicators of mergers and acquisitions, but that has changed, traders say.
Those with metal to sell would draw a ring in the sawdust on the floor and call out "change" –prompting traders to gather round and haggle over prices.
The bank eventually conceded that the new VaR standard was seriously flawed, but not before the change emboldened traders in the C.I.O. to increase the size of the London Whale bet, eventually leading to even greater losses.
Mr. de Boer said another factor that might have been depressing prices of the permits was the failure by governments meeting in Copenhagen in December to agree on a timetable for a binding global agreement to curb climate change, which traders feel has cut the momentum.
Today's tepid action was a welcome change for traders like James Maguire, managing director at LaBranche.
They change how traders acquire actionable information, implement their trading strategies, and automatically submit and cancel orders.
Remarkably, not a single insurer was upgraded.In this section Kids need liquidity, too Wall Street's old order changes Goldman Sachs, traders Beating a retreat Free at last?
Some of J.P. Morgan's super-ambitious young stars should watch their backs.In this section Kids need liquidity, too Wall Street's old order changes Goldman Sachs, traders Beating a retreat Free at last?
Note, though, a theme: trading, trading and trading.In this section Kids need liquidity, too Wall Street's old order changes Goldman Sachs, traders Beating a retreat Free at last?
But, like many, he expects its most immediate effect to be consolidation.In this section Kids need liquidity, too Wall Street's old order changes Goldman Sachs, traders Beating a retreat Free at last?
To make matters worse, it is hard to gauge the depth of the industry's problems: the ¥190 trillion $1.8 trillionn) industry is one of the least transparent in Japan.In this section Kids need liquidity, too Wall Street's old order changes Goldman Sachs, traders Beating a retreat Free at last?
