The difference between a good day and a bad one can be vanishingly small. In mid-September, Main lost a commission to a competitor who bested him on price by 0.0002 percentage point on 175,000 eurodollar contracts.
Wall Street’s Old, Unwanted Bond Salesmen Find a Home in Chicago – (Bloomberg)
We are pleased to share this Technical Update on recent changes impacting the alternative investment industry. This month you will find a brief summary of the following:
Alternative Investment Industry Technical Update: SEC, CFTC, FASB & AICPA – (Arthur Bell)
Prosecutors said Mr. Salman and an associate generated more than $1.5 million in profits by trading on tips about coming acquisitions of biomedical companies involving Citigroup clients. Mr. Salman had contended that because there was no compensation or other personal benefit exchanged for the tip, he couldn’t be prosecuted.
Supreme Court Hardens Stance on Insider Trading – (Wall Street Journal)
“We’re not asking for wholesale throwing out Dodd-Frank,”
Banks to Donald Trump: Don’t Kill Dodd-Frank – (Wall Street Journal)
Stocks: Commodities ratio going parabolic – (StockTwits)
The opacity of his holdings makes it impossible to gauge the full extent of potential conflicts he may face as president
How Donald Trump’s Web of LLCs Obscures His Business Interests – (Wall Street Journal)
The answer is… it is very top heavy, with the top 5% of managers (just 13 firms) controlling 66% of the total assets, $166 Billion
Where is all the Managed Futures Money Going? – (RCM’s Attain Alternatives Blog)
In other words, if Trump really wants to get more Americans working, he’ll have to do something out of his comfort zone: make girly jobs appeal to manly men.
Manly Men Need to Do More Girly Jobs – (Bloomberg View)
Usura Cero is part of a broader effort by the Nicaraguan government to tackle a problem that exists across Latin America: a culture of machismo that has left many women on the economy’s sidelines.
In One Of Latin America’s Poorest Countries, Boosting The Economy Is Women’s Work – (FiveThirtyEight)
Sohan Murthy at the LinkedIn blog published a map Wednesday that shows which skills and jobs are most disproportionately represented in American cities based on data from LinkedIn members.
What Jobs Your City Is Most Known For – (FiveThirtyEight)
For babies born in 1980 — today’s 36-year-olds — the index of the American dream has fallen to 50 percent: Only half of them make as much money as their parents did. In the industrial Midwestern states that effectively elected Donald Trump, the share was once higher than the national average. Now, it is a few percentage points lower. There, going backward is the norm.
The American Dream, Quantified at Last – (New York Times)
The correct statement is, if interest rates rise then bonds prices fall in the short-term.
Repeat After me: “Bonds Don’t Necessarily Lose Value When Rates Rise” – (Pragmatic Capitalism)
We’re entering an interesting moment in the markets – with the U.S. Dollar trending higher, interest rates moving up, and stocks at all-time highs.
Everyone’s Banking on a Rate Hike – (RCM’s Attain Alternatives Blog)
Samsung previously had been ordered to pay Apple $399 million in damages. The high court’s unanimous decision sends the suit back to a lower court to reconsider what is a reasonable amount.
Supreme Court Sides With Samsung, Against Apple In Patent Infringement Fight – (NPR)
Chicago-speak is just one small part of the book, which visits three distinct regions around the Midwest that have their own particular speech patterns.
‘How To Speak Midwestern’ Explores Origins Of Chicago’s Strangest Language Quirks & More – (Chicagoist)