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...Billionaire investor Ken Griffin said China could prop up the global economy this year, helping avert an “ugly” slowdown in growth if the US suffers a recession....
...stock trading hours....
...But Macquarie analyst Damian Thong noted that even shares of rival Hitachi were trading at a discount after a decade of corporate governance reforms....
...up trading, we can reveal)....
...It follows similar moves by Swire and Jardine Matheson, two British colonial-era trading houses. More here. Welcome to the Due Diligence briefing from the Financial Times....
...People close to Oxy — as the company is known — say it isn't considering a restructuring just yet but several analysts are questioning whether recent measures to prop up the company, including cutting its...
...While it is more than a year since Mr Ross left Pira, he remains intimately involved in the market with his own hedge fund Black Gold Investors LLC, where his son is the top trader....
...The hedge fund manager’s trading activities in the two south-east Asian countries are credited with pushing forward a currency crisis....
...Such opacity offers huge temptation with respect to wrongly taking advantage of customer flow information for prop trading purposes or for dipping into customer deposits for proprietary purposes without...
...DRW is also a leader in high-frequency electronic trading. The company has dozens of employees already trading energy derivatives such as natural gas futures....
...“Pretty much the whole industry is up for sale right now, meaning there are only a few firms that have the size and scale in prop side of the business to continue to operate at this level,” says one banker...
...Last year, Mr Malyshev said he intended to exit prop trading to focus on running a quantitative hedge fund....
...But new tactics were required with crude fluctuating between $40 and $60 a barrel, torn between a level shale can grow at and Opec’s attempts to prop up the price....
...For Brazil, the Chinese investment boom could not have come at a better time, helping to prop up Brazil’s struggling economy....
...But then, we found that a couple of automated trading firms reported to have a large presence in the market — Jump Trading LLC and DRW Securities LLC — that are registered dealers with the SEC†, but don’...
...Not even a recovery in oil prices could prop up stocks overnight as investors stuck to the sidelines ahead of a highly-anticipated speech from Janet Yellen, the Federal Reserve chair....
...The US dollar index was down 0.1 per cent in Asian trading....
...per cent higher, reportedly after state intervention to prop up the market....
...The authorities had taken drastic action to try to prop up sinking stocks on Wednesday by banning listed company shareholders with big stakes from selling shares and using central bank money to bolster the...
...The basic point being FX brokers and spread betting shops are treating their clients as prop traders committed to losing rather than making money....
...“When you are prop trading you only have one client: your boss at the bank....
...Some US$500m of that capital has been assigned for share buybacks to prop up the stock if investors decide to sell....
...While such investments are allowed under the proposed Volcker rule, which aims to ban short-term prop trading, this has been criticised, including by Paul Volcker, the former Federal Reserve chairman, who...
...This queasily combined its explicit function of servicing client investments with “prop trading” – making financial bets on behalf of the bank. Investment bankers say such dual missions are normal....
...Good morning, New York… FT ALPHAVILLE Let’s talk about Goldman’s prop-trading....
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