By: Chief Tomahawk
Hey, I hear business in the Hamptons (summer rentals and the like) are down. Impending contraction in the vaunted financial sector is being blamed. Are we going to get a Hampton scouting report anytime...
View ArticleBy: Jim67545
When one company of a type of business blows up suddenly and in an unexpected way, its lenders not only focus on that business but question and perhaps adjust their risk beliefs on all loan customers...
View ArticleBy: Northeaster
“Following Knight Capital’s $400 million dollar computer trading error” - Much like “Calculated Risk” puts charts up of data, Nanex of course has been following this for some time with their own...
View ArticleBy: dcsoswordpress
But what about all the trades not cancelled (RIGHT FULLY ON THE KNOGHT SIDE) that trapped investors who had stops in the market that were falsely triggered by the flash crash nature of KNIGHT’s OWN...
View ArticleBy: BITFU Search Engine
After reading Barry’s post, I did a Left vs Right search on Glass-Steagall. Here’s a short article from Cato-Intitute, which offers a decent perspective from the Right criticizing “the religious-like...
View ArticleBy: Friday links: writing down rules | Abnormal Returns
[...] Knight Capital ($KCG) as a model Wall Street failure. (Big Picture) [...]
View ArticleBy: bear_in_mind
As “Northeaster” attests, there’s second-order effects on investor trust and psychology that accrue from these kind of egregious events which are harder to measure but don’t bode well for the overall...
View ArticleBy: ravenchris
You will not find real justice while career politicians are the referees.
View ArticleBy: philipat
There is still an enormous rearguard action against the re-instatement of Glass-Steagall eminating, of course, from Wall Street and supported, unless there is a huge public outcry, by their part-time...
View ArticleBy: rd
The big difference between the financial sector and regular companies is leverage. Most companies borrow money for long-term capital projects with real costs and real returns. The bonds need to be...
View ArticleBy: Moss
Ridiculous indeed. The software snafu by Knight was a case of poor quality control. They did not even know that a testing component was actually in a live production environment. A simple thing like...
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