Archive for the ‘Wall Street’ Category

Audio Interview - Peter Kovac on High Frequency Trading - Market Making, Profits, Front-Running

Audio Interview – Peter Kovac on High Frequency Trading – Market Making, Profits, Front-Running

By The Banker | Audio Posts, Wall Street

I recommend listening to the audio version of this interview…It’s the best part!   Michael:          Hi, my name is Michael, and I used to be a hedge fund manager. Peter:              My name is Peter Kovac, and I’m the author of Flash Boys: Not So Fast. Michael:          Flash Boys: Not So Fast came out recently on [&hellip

High Speed Trading - And DandD Alignments

High Speed Trading – And DandD Alignments

By The Banker | Blog Posts, Investing, Texas, Wall Street

I’m trying to figure out where electronic and high frequency trading firms fit with respect to Alignment, and how I feel about that. Alignment I mean “Alignment” the way a Dungeons and Dragons (D&D) player means it (full disclosure: I’m a Lawful Good Half-Elf Bard in real life. I mean, in the game. I mean, [&hellip

China's Sneeze - Our Cold

China’s Sneeze – Our Cold

By The Banker | Blog Posts, Texas, Wall Street

In real economic terms, and as the second-largest economic power in the world since 2005, China has been a global player for a few decades. In global financial market terms, however, China became interesting to the rest of the world for the first time this Summer. I use the word ‘interesting’ the way it’s meant [&hellip

In Defense of John Paulson

In Defense of John Paulson

By The Banker | Blog Posts, Wall Street

I feel like there are lessons about philanthropy in John Paulson’s $400 million gift to Harvard that I haven’t seen explained yet. I don’t know John Paulson (maybe that’s already obvious?) but I feel like I know a little bit about how he thinks, having worked with, for, and as a mortgage bond professional, and [&hellip

Are Stocks Like A Casino? No. But YES!

Are Stocks Like A Casino? No. But YES!

By The Banker | Blog Posts, Investing, Wall Street

I hate money. Apparently the feeling is mutual. I know this because I am writing this from a hotel room near the Golden Nugget in downtown Las Vegas, following a typical encounter between a poker table and me. Here’s how this usually goes, and also how it went again today: I sit down, feeling relaxed [&hellip