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Traders Magazine

Has Self Clearing Become A Profit Margin Headache?

Has Self Clearing Become A Profit Margin Headache? John Hintz Brokerage firms that choose to clear their own trades have long viewed themselves as the industry’s mavericks, taking on the often cumbersome back-office responsibilities of collecting and maintaining transaction-related data in order to provide their customers with quick, hands on service. That independent streak, however, […]

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Traders Magazine

A Son Also Hedges

A Son Also Hedges Kathryn M. Welling Wayne Cooperman runs a Manhattan-based hedge fund, which – as fate would have it – is also what his father does. That’s right, Wayne’s father is Lee Cooperman, the erstwhile czar of sellside research and proprietor of the mega hedge fund, Omega Advisors. But Wayne hasn’t exactly followed […]

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Traders Magazine

Survival Skills in Financial Services

Survival Skills in Financial Services Gregory Bresiger by Julian Lowenthal (John Wiley & Sons, New York, 250 pages) $49.95 Reviewed by Gregory Bresiger This book isn’t worth the effort. It is all things to all people. Consequently, it made almost no impression on me. Julian Lowenthal, a consultant with his own firm, professes to admire […]

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Traders Magazine

Schumer Faces Off with Cox

Schumer Faces Off with Cox Peter Chapman On July 31, Securities and Exchange Chairman Christopher Cox testified before the Senate Banking Committee. Among the many issues broached was soft dollars. Two months prior, Cox had sent letters to the Senate banking and House financial services committees imploring representatives to “consider legislation that would repeal or […]

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Traders Magazine

Surfing for Investment Banking

Surfing for Investment Banking Colleen O’Connor Investment banks have been the toll-men of the capital markets roads for many years. Companies and investors were in their hands. Not anymore. The advent of the Internet age is changing that. Many companies now ignore the toll booths. They have found their own paths to the market. New […]

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Traders Magazine

Can Traders Survive A Bear Market? Prosperity in the Middle of Depression

Can Traders Survive A Bear Market? Prosperity in the Middle of Depression Gregory Bresiger A brutal history of cutbacks and firms shutting down is repeating itself in the trading industry. Many trading firms, that previously thought they were invulnerable, are once again learning the hard lessons of the 1970s and early 1980s. More than 40,000 […]