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The big losers, he says, will be traders in fixed income and equities, with only some groups, like commodities traders, doing better.
Karen Denne, an Enron spokeswoman, said the company had experienced a decline in energy trading volume and in the number of traders doing business with it, but both stabilized yesterday.
But the battle-tested technicians in Folsom, Calif., who control the nation's largest power grid are acutely aware that energy markets remain susceptible to manipulation at the hands of traders doing what traders do -- exploiting loopholes and inefficiencies to maximum gain.
The fact that Wall Street pushed Lucent's share price down as much as 30% midday (the shares closed down 14% at $6.75) says more about the traders doing the talking and the selling than it does about Lucent.
And what are direct traders doing differently than conventional coffee companies?
What are direct traders doing that is different from fair traders?
Similar(54)
Yet online traders don't seem troubled.
Even traders didn't expect it.
High-frequency traders didn't cause all of these problems.
Crucially, bond traders do not return until Tuesday.
Traders did not seem to expect lasting damage.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com