misunderstanding amongst the broad public, media, and government regulators. To help provide a better perspective, we discuss the evolution of equity markets that led to the development of electronic trading, dark pools, and current market structure. We move on to analyze dark pools and their overall impact on trading. We then discuss further aspects of dark pools in particular, and consider regulation and global trends in market structure. Historical Perspective on Equity Markets The first modern equity
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‘Why I left Goldman Sachs’ by Greg Smith Précis by Pete Laburn Landing a job at Goldman Sachs Greg Smith is a pharmacist’s son from Johannesburg, South Africa, who won a scholarship to Stanford University in America. He grew up in Edenvale, as the eldest of three siblings in a Jewish middle class family, and earned a place among the 32 people, out of the 3000 international students, who applied for a full scholarship to Stanford. Three years later, in 2000, Greg was awarded a summer internship
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of the negotiation and the results of the contract from the point of view of the writer. It is usually divided into several paragraphs. Paragraph one: pre-negotiation strategy prepared by each group. Goals: high priority items, bottom line and trading cards. Balance of power and the strategy used during the negotiation. Paragraph two: the order of discussion of the items. It is about what occurred during the negotiations, whether it followed your strategy and how successful it was. Paragraph
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so badly, the firm was not expected to survive. Remarkably, within a week the firm managed to get its trading back online. 'The best way to show someone you love them is to care for the people they love,' Mr Lutnick said. When the first plane hit the north tower at 8.46am, it destroyed the stairwells, making it impossible for anyone above the point of impact around the 94th to 98th floors to descend. The north tower collapsed at 10.28am. Mr Lutnick can still feel and see the horror of that
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National Chengchi University Department of Finance ETP Graduate Investments Fall 2014 Case Discussion Questions Instructor: Professor Edward H. Chow 周行一 Case study: financial bubble Case: Trouble with a bubble (9-808-067) 1. Why did Irving Fisher believe that stock prices had reached a permanently high plateau? 2. Why did the stock market crash in 1929? 3. Why did influential individuals like Fisher, Keynes and Rockefeller believe that the downturn would only be temporary? Case
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seclusion, a personal halo effect, and weaknesses in the regulating body. Madoff had the confidence of the public, yet to pull off such an elaborate scheme, he relied on a startling number of family members, vital accomplices working on the illegal trading floor such as Frank D. Pascali, IT staff members, and a separate BMIS branch of international employees in the U.K. to seemingly legitimize the whole thing. Domestic and European institutional investors, friends and acquaintances of Madoff’s, and an
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LoganD MGT7109-3 The problem to be investigated is did Goldman and Sachs engage in shady trading transactions and were these transactions done in the best interest of their clients? Were Goldman and Sachs guilty of not disclosing the trade strategy to investors through their numerous practices of investment tools which they were using? 1. Go back through the case and make a list of each action or practice that could be called a gray area. - In the 1920’s the layered investment strategy was
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National Chengchi University Department of Finance ETP Graduate Investments Fall 2010 Case Discussion Questions Instructor: Professor Edward H. Chow 周行一 Case study: financial bubble Case: Trouble with a bubble (9-808-067) 1. Why did Irving Fisher believe that stock prices had reached a permanently high plateau? 2. Why did the stock market crash in 1929? 3. Why did influential individuals like Fisher, Keynes and Rockefeller believe that the downturn would only be temporary? Case
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matter what you always keep it professional. I don’t think adults acted like in the training class. I do believe the older employees would scare the new guys. Almost like a hazing process. Didn’t know that they use that much curse words on the trading floor. The good aspect that I like about the job was it was a departments and a good
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TABLE OF CONTENTS INTRODUCTION 3 CHAPTER 1: BACKGROUNDS 4 1. Definition of Foreign Exchange (FOREX) 4 2. Features of Foreign Exchange (FOREX) 5 3. Forex categories: 5 4. Main participants in the foreign exchange market 6 4.1. Foreign exchange dealers 6 4.2. Financial and non-financial customers 7 4.3. Central banks 7 4.4. Brokers 8 4.4.1. In the Over-the-Counter Market 8 4.4.2. Voice Brokers 8 4.4.3. Automated Order-Matching
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