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Goldman Sachs Principal Transactions Update: 613 Million Shares

Tyler Durden's picture




 

Program Trading on the NYSE dropped substantially in the prior week, presumably as a function of a volume hobbled market (which has been the case since March more or less), declining by roughly 25% across both total PT and principal. And while there is no question who the undisputed leader in principal program trading is (and always will be), Morgan Stanley is consistently climbing higher, hitting 127 million principal shares and 481 million total. Of course, until MS becomes a full fledged SLP participant (which will never get the full endorsement and blessing of Goldman), its principal PT share will likely continue languishing at between 25-30% Goldman's total.

Per conversations with the NYSE, expect disclosure in early September on who, if any, new entrants into the SLP program are. Based on continuing principal PT data, Goldman can be safe in that it will be picking rebates, and being a "voluntary" market market, with unspecificed balance sheet and risk tolerance requirements, for years to come.

 

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Fri, 08/21/2009 - 16:58 | 44103 Cheeky Bastard
Cheeky Bastard's picture

just bitch-slapped Yves in NC comments section; that dudette is granting her to much freedom based on numerous fallacies and misunderstanding what anonymity IS. Yeah, sure, i made a couple of grammatic mistakes, but that's due to my 60 hrs lack of sleep.

Fri, 08/21/2009 - 17:02 | 44112 taraxias
taraxias's picture

Good on you. About time someone did.

That blog hasn't been the same ever since she took time off for her book.

 

 

Fri, 08/21/2009 - 17:17 | 44127 Veteran
Veteran's picture

I gotta be honest. this blog ain't been the same since it switched over from the blogspot

Fri, 08/21/2009 - 17:23 | 44135 Cheeky Bastard
Cheeky Bastard's picture

how so; explain; empty sentences mean nothing.

Fri, 08/21/2009 - 17:15 | 44122 Anonymous
Anonymous's picture

Yeah me too. She and CR have been acting like jealous children lately. Heck, I don't even browse CR anymore for those charts. I bet this is what CNBC wants, bloggers fighting with each other.

Fri, 08/21/2009 - 17:42 | 44152 Project Mayhem
Project Mayhem's picture

lol I just did too, I couldn't help it, the idiocy was far too astounding to stay silent.

Fri, 08/21/2009 - 17:48 | 44155 Cheeky Bastard
Cheeky Bastard's picture

lol; nice job man; i signed mine under the comment; if you want to read it is just above the comment that gregg left or 22nd comment starting from the bottom. I gave her a proper bitch-slap. that chick is jealous as hell.

Fri, 08/21/2009 - 18:28 | 44226 Anonymous
Anonymous's picture

wow. zh is great but sadly breeding a bunch of babies.

at least start your own blog if you anything of value to add - to anything.

Fri, 08/21/2009 - 18:25 | 44220 Anonymous
Anonymous's picture

You're so awesome.....dumb ass.

Fri, 08/21/2009 - 18:43 | 44253 Anonymous
Anonymous's picture

wow. you are so cool.

if you don't like nc, don't read it.

Fri, 08/21/2009 - 19:08 | 44290 Yu8t (not verified)
Yu8t's picture

good one

Sat, 08/22/2009 - 08:42 | 44661 Anonymous
Anonymous's picture

No, you just showed your ass to the world.

You are Joe's diseased ego.

Sat, 08/22/2009 - 08:44 | 44662 Anonymous
Anonymous's picture

No, you just showed your ass to the world.

You are Joe's diseased ego.

Fri, 08/21/2009 - 17:00 | 44109 HEHEHE
HEHEHE's picture

Why you so interested in Goldman Sachs?  Just because the NYSE's CEO used to work there doesn't mean they are favorites

Fri, 08/21/2009 - 17:18 | 44128 Anonymous
Anonymous's picture

Reminds me of the Seinfeld episode where Jerry's uncle thinks everyone is "anti-semetic." In all seriousness, does Blankfein ever read NYT reports, especially by Gretchen Morgensen, about insider deals between him and Paulson becoming more and more public? CG definitely seems to be on Goldman's bankroll now with all the Goldman apologies.

Fri, 08/21/2009 - 22:21 | 44292 Yu8t (not verified)
Fri, 08/21/2009 - 17:30 | 44140 JohnKing
JohnKing's picture

Captured Charlie rolls out the anti-semite card for the bankster/gangsters:

Charlie Gasparino reports that senior executives inside Goldman are in a panic over its image, trying to hire a "brand manager"—and even blaming a prejudice against the firm's Jewish chiefs.

 

Too Funny, how do you explain Hanky Panky and tax cheat Timmy and and...

 

Thank you Charlie for leading the charge, the check is in the mail.

Your lord,


Lloyd

Fri, 08/21/2009 - 17:20 | 44131 JohnKing
Fri, 08/21/2009 - 17:12 | 44119 HEHEHE
HEHEHE's picture

Next you'll be saying Hank Paulson gave them preferential treatment.

Fri, 08/21/2009 - 17:36 | 44145 Sqworl
Sqworl's picture

Actually, Geithner confirmed it today on WSJ TV..

Fri, 08/21/2009 - 17:30 | 44141 Anonymous
Anonymous's picture

I hope $MS starts to fight it out with $GS. That would be wonderful. Maybe the manipulation would stop. I cringe to think of where things might go if they co-operate.

Fri, 08/21/2009 - 18:14 | 44199 phaesed
phaesed's picture

I give up, I need to go on vacation and just buy dec 2011 puts

Fri, 08/21/2009 - 19:47 | 44343 lettuce
lettuce's picture

well, that's pretty good thinking. the federales are rolling out a new program today. the cash for clunkers gig has ended, but monday brings the 'vacations for jobs.' trade in your job and get a 1-year vacation (of course you have to put it on your own debt but you get a huge rebate).

 

then they shred your job and sell it to nucor.

 

anybody see how michigan state spartans have an extremely michigan-centric schedule this year? yeah. that's how bad it is. revenue needs to be kept in-state so badly up there. this example isn't monumental but just another anecdote of how bad things are.

 

still...we bottomed out at 666... nothing more anecdotal than that.

Fri, 08/21/2009 - 18:19 | 44205 Hephasteus
Hephasteus's picture

Let's see. People are attacking me for being a lying cheating stealing theiving, taking everything useless to everyone bastard. What I need to do is bring in more sympathetic connections to shield myself. Make specific charges against me and my organization mean more than they really do.

 

RAISE THE JEW SHIELD.

Fri, 08/21/2009 - 22:21 | 44281 Yu8t (not verified)
Yu8t's picture

engage people on the reality of the bubble-licious oligarchy-controlled economy while the stock market keeps

good articles; good articles 4 slow news day ..http://www..
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