Friday, 24 October 2014
Last updated 19 hours ago
Aug 11 2010 | 9:22am ET
Goldman Sachs may announce plans to shutter its proprietary trading operations any day. But in the mean time, the Wall Street giant is bolstering the business with the hire of a young algorithmic trader.
Asita Anche has been named a managing director on Goldman’s fixed-income, currency and commodities prop. desk, Financial News reports. She joins the firm from Millennium Capital Partners and formerly worked at Citadel Investment Group.
Anche, who specializes in high-frequency trading, will design algorithms for trading fixed-income products at Goldman. She spent more than four years working on HFT at Citadel before joining Millennium as a managing partner a year ago.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...