Regulations were eventually enacted to temper the role traders could play in the markets.
Suspicion that high-frequency traders played a role was intense enough that on a conference call with brokers Tuesday, Nasdaq CEO Eric Noll addressed the concerns specifically -- telling brokers that high-frequency trading did not play a role in Nasdaq's technical difficulties, according to the Wall Street Journal.
The charges are related to an incident in February 2008, when Credit Suisse suspended a group of traders for their role in a $2.85 billion overvaluation of asset-backed securities, which caused the bank to take a $1 billion hit in its first-quarter earnings that year.
(A Trader Joe's spokeswoman declined to comment on Whole Foods' advertising, and what, if any, role Trader Joe's played in prompting it).
A fascinating treatise by a trader on the role of luck in markets, and how we often confuse it for skill.
The state-backed RBS sacks four traders over their alleged role in the Libor-fixing scandal, sources say.
Yet the enforcement action by the commodities regulator was the first credible evidence that a small group of traders also played a role in manipulating prices.
Regulators are pushing to curb the role of traders like Mr. Hall, whose speculation in the energy markets may have played a major role in the recent gyrations of oil prices.
The Gujarati traders had a big role in the trade of the Middle East and Africa; Chittagong in Bengal was a flourishing port for trade with China and for the reexport of Chinese goods to other parts of the world.
But Phil Dow, managing director, director of equity strategy at Dain Rauscher says that some traders misunderstand Greenspan's role.
Of course the natural response to the positive role of traders is that when they deemed Wall Street firms themselves unworthy of further investment, why didn't we let them fail?
