More predictions of doom and gloom in Greece. The interesting thing about Greece is that that this is not the first time Greece has caused problems. On a more pragmatic note this to me is a simple trading question – a loss exists and various governments and banks are prevaricating about taking this loss. Many…Details
IF THE losses at UBS that surfaced this month were caused by a “rogue” trader, would that make his colleagues stable? Not if research being undertaken by John Coates, a neuroscientist at Cambridge University and a former derivatives trader, is anything to go by. His work suggests that hormones drive investment decisions to a far…Details
I have been reading some of the commentary about this particular interview with so called trader Alessio Rastani. Much has been said about the veracity of this interview whether it was legitimate or a well crafted hoax. Irrespective of any of this the commentary around it has been somewhat hysterical and completely misses the point. The…Details
From the WSJ – …across the financial markets, a sea change is taking place. Investors are abandoning the time-tested “stocks for the long run” optimism that dominated since the late 1980s. Instead, there is a widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend…Details
I must admit my view of HFT has ranged from ambivalence – its simply technology moving on to mild annoyance at what looks like a sophisticated of front running that brokers have been practising since time began. To try and get a better handle on what the impact of HFT is I revisted this transcript…Details
As to be expected the VIX has spiked by levels of ”fear” remain below the levels seen at the peak of the GFC.