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Within the chief investment office, traders have long expected change, according to current and former employees.
You might say 'front office' (traders making the money) looks at compliance the way compliance in turn looks at the regulators.
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Front-office traders want to spend as little time as possible on digital paperwork.
Inside Citigroup's Lower Manhattan offices, traders were resigned to the idea that Citigroup remained tied to the government, but they acknowledged the intense pressure on Mr. Pandit to pay back the bailout money quickly.
Outside his office, eight traders were hunched over their desks, some eating bananas and others guzzling coffee.
The flawed model, the report says, was built by a London-based mathematician who also provided analysis to the investment office's traders.
For instance, senior management had good reason by late April to doubt the valuations that the investment office's traders were putting on their positions.
All-Tech, with 22 offices where traders furiously buy and sell stocks many times during the day, is one of the better-known day-trading companies.
KAMPALA, UGANDA — Page through any Africa section in the global press and you're likely to be introduced to tech-savvy graduates in hip offices, stock traders checking commodity prices on mobile phones (of which there are more than in Europe and America), or African "lions" picking up where Asia's "tigers" left off.
The currency market was unsettled by last night's FBI raid on offices of traders thought to have defrauded small retail investors of millions of dollars.
Greplin, a personal search company from Y Combinator, also uses Exec to get food for the office from Trader Joe's.
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