by Heidi Scrimgeour in Ballycastle The weather wasn't on the traders' side in Manchester, where Storm Desmond tore through the streets on the morning of Small Business Saturday.
At Goldman Sachs, where he spent twenty-six yeand and rose to the No. 2 job, Gary Cohn was on the traders' side of the divide.
As a "buy side" trader executing transactions for senior portfolio managers, he is a conduit to the "sell side" traders at the big Wall Street firms who actually carry out his trades.
This has been blamed on a wide range of regulatory barriers that make it extraordinarily difficult for a trader on one side of the border between Kenya and Uganda, or Rwanda and the Democratic Republic of the Congo, for example, to cross borders and sell farm produce.
Jonathan Egol and Fabrice Tourre were close colleagues on Wall Street, a team of traders who worked side by side on a Goldman Sachs mortgage desk in the lead-up to the financial crisis.
DealBook Fast Traders Tell Their Side of the Story | High-frequency trading firms, known for their secrecy, are "stepping out of the shadows" as part of a lobbying effort to keep regulators at bay, The New York Times reports.
Politicians squint at the gap between Wall Street's largesse to its honchos and traders on one side and the 10% jobless rate and one in four homeowners underwater on their mortgages on the other.
Stock trading takes place on anonymous exchanges, so the trader on the other side of the transaction is unlikely to have any idea that someone with inside information was involved.
"We chose materials that you can find at your local builders' merchants rather than from a specialist trader from the other side of the country, materials that any builder would be familiar with and agree to use.
The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade.
