• dazzak
    02/11/2016 - 10:54
    Because so much is riding on what so few decide,once the faith in the Central Banks fail, the chances of us getting out of this diminish every second...

Credit Suisse

Tyler Durden's picture

Frontrunning: April 11





  • Sensitive Market Data Leaked After Government Phone Call (WSJ)
  • This is a actual Bloomberg headline: China Fake Data to Skew More Export Numbers (BBG)
  • This is another actual BBG headline: U.S. as Global Growth Engine Putt-Putts Instead of Purring (BBG)
  • Ukraine wants to buy European gas to boost energy security (Reuters)
  • JPMorgan Profit Falls 19% on Trading, Mortgage Declines (BBG)
  • Record Europe Dividends Keep $2.8 Trillion From Factories (BBG)
  • Why is Goldman shutting down Sigma X: SEC eyes test that may lead to shift away from 'dark pools' (Reuters)
  • Ebola Outbreak Empties Hotels as West Africa Borders Closed (BBG)
  • Australian PM says searchers confident of position of MH370's black boxes (Reuters)
  • Gross Says El-Erian Should Explain Reason for Exit (BBG)
 
Tyler Durden's picture

Frontrunning: April 9





  • Top Medicare Doctor Paid $21 Million in 2012, Data Shows (BBG)
  • Separatists build barricades in east Ukraine, Kiev warns of force (Reuters)
  • Greece launches sale of five-year bond (FT)
  • High-Frequency Trader Malyshev Mulls Accepting Outside Investors (BBG)
  • U.S. defense chief gets earful as China visit exposes tensions (Reuters)
  • GM Workers Who Built Defective Cars Fret About Recall (BBG)
  • Kerry, Congress Agree: Superpower Status Not What It Was (BBG)
  • Crimeans Homeless in Ukraine Seek Solace in Kiev Asylums (BBG)
  • JPMorgan's Dimon says U.S. banks healthy, Europe lagging (Reuters)
 
Tyler Durden's picture

Triple Whammy Shocker: Goldman Shutting Down Sigma X?





Back on March 21, before the release of Michael Lewis' Flash Boys and before the infamous 60 Minutes interview, when Goldman COO Gary Cohn wrote his infamous WSJ Op-ed bashing HFT, it was clear that something was afoot. That something became promptly clear when it was revealed that Goldman is among the core backers of the pseudo dark-pool IEX exchange popularized as the protagonist in Flash Boys, and juxtaposed to the frontrunning, and faceless, HFT antagonist that Lewis maanged to demonize so well in the span of a few hundred pages, he promptly provoked a renewed investigation by the FBI, the SEC and DOJ into HFT. A few days later, the shocker became a double whammy when Goldman announced that in addition to turning its back on HFT which had served it so well for years, the firm would also say goodbye to the NYSE and its designated market maker post, the last remaining legacy of its $6.5 billion Spear Ledds & Kellogg acquisition from 2000. Moments ago we got the third and final "shocker" in this series of stunning disclosures by Goldman, this time involving Goldman's own "unlit" venue - one involving its own Dark Pool - the infamous, and market dominant Sigma X, which according to the WSJ, is about to be shut down!

 
Tyler Durden's picture

CS Warns Volume & DeMark Raise "Topping Threat" In Stocks





The 1900 target for the S&P 500 that Credit Suisse since the start of the year but are seeing increasing signs of a market top with a meaningful correction lower likely to emerge. Volume divergences, DeMark clusters, and reversal days all point to weakness and, as CS concludes, a break of 1844/34 (for the S&P) could lead to a decline to 1800 and then to 1768.

 
Tyler Durden's picture

Frontrunning: April 7





  • The counter-HFT-attack begins with first target - dark pools: Dark markets may be more harmful than high-frequency trading (Reuters)
  • Malaysia Jet Team Hears Pings Consistent With Black Box (BBG)
  • At Toyota as Humans Steal Jobs From Robots (BBG)
  • ‘Reverse Auctions’ Draw Scrutiny (NYT)
  • Death knell sounds for Brazil’s economic strategy (FT)
  • Technology Traders Head for the Exit as Put Trades Surge (BBG)
  • NSA Uses Corporate News to Spread Propaganda and Silence Dissent (TruthDig)
  • Holcim, Lafarge agree to merger to create cement giant (Reuters)
  • Any minute now: Investment Jump Seen From Macy’s to Berkshire After 2013 Fizzle (BBG)
  • India kicks off world's biggest election in remote northeast (Reuters)
 
Tyler Durden's picture

Frontrunning: April 4





  • Nato chief defends eastern advance (FT)
  • Russia looks east as it seeks to rebalance trade interests (FT)
  • Plane from Guinea briefly quarantined in Paris after Ebola scare (AFP)
  • US attacks Japan’s stance on Trans-Pacific Partnership (FT)
  • Thank you IMF: Ukraine PM says will stick to austerity despite Moscow pressure (Reuters)
  • U.S. Army seeks motive for Fort Hood shooting rampage (Reuters)
  • China Slowdown Adds to Emerging-Market Growth Hurdles, IMF Says (BBG)
  • Top investors press Allianz to step up oversight of Pimco (Reuters)
  • U.S. to Evaluate Role in Mideast Peace Process, John Kerry Says (WSJ)
  • Scientists dismiss claims that Yellowstone volcano about to erupt (Reuters)
  • Ukraine detains 12 riot police on suspicion of 'mass murder' (Reuters) - on CIA orders?
 
Tyler Durden's picture

Frontrunning: April 3





  • Russia says expects answers on NATO troops in eastern Europe (Reuters)
  • Dealers say GM customer anxiety rising, sales may take hit (Reuters)
  • China Unveils Mini-Stimulus Measure (WSJ)
  • Londoners Priced Out of Housing Blame Foreigners (BBG)
  • New earthquake in Chile prompts tsunami alerts (Reuters)
  • Ukrainian Billionaire Charged by U.S. With Bribe Scheme (BBG)
  • Chinese Investments in U.S. Commercial Real Estate Surges (BBG)
  • Old Math Casts Doubt on Accuracy of Oil Reserve Estimates (BBG)
  • US secretly created 'Cuban Twitter' to stir unrest (AP)
 
Tyler Durden's picture

Frontrunning: April 2





  • Why did Yellen use criminals in her employment case studies? Hilsenrath explainz (Hilsenrath)
  • GM avoided defective switch redesign in 2005 to save a dollar each (Reuters)
  • Xuzhou Zhongsen Said to Avert Bond Default on Guarantor Aid  (BBG)
  • France's New Finance Minister Faces Fiscal Challenge (WSJ)
  • The magic is gone: Draghi’s Attempt to Talk Down Euro Lost on Traders (BBG)
  • Another John Kerry smashing success: U.S. Gambit on Mideast Peace Talks Falters (WSJ)
  • Combat-Ready China Military Seen as Xi’s Goal in Graft Battle (BBG)
  • Huge earthquake off Chile's north coast triggers tsunami (Reuters)
  • Pressure rises on Gross as investors pull $3.1 billion from Pimco's flagship fund (Reuters)
 
Tyler Durden's picture

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"





Yesterday, we read with some amusement that Goldman has moved Guy Saidenberg, reportedly one of the greater profit centers at the firm - and how could he not be when he always traded against Tom Stolper's recommendations which led to tens of thousands of pips in losses to those who listened to him over the past five years - from head of global foreign-exchange trading to a new role, as co-head of commodities.  Why did Goldman decide to scrap its once uber-profitable FX vertical and redo it from scratch? Simple - the ability to rig and manipulate FX markets, which are now under every global regulator's microscope after the "Cartel" members so foolishly let themselves be exposed to the entire world, is no longer there, as confirmed last night by news that a dozen large investors have filed a joint lawsuit against 12 banks for "allegedly conspiring to rig global foreign-exchange prices." Allegedly? Hasn't everyone read the Cartel chatroom transcripts yet?

 
Tyler Durden's picture

Read Michael Lewis' Flash Boys: A Wall Street Revolt: An Adaptation





The stock market really was rigged... “It’s 2009,” Katsuyama says. “This had been happening to me for almost two years. There’s no way I’m the first guy to have figured this out. So what happened to everyone else?” The question seemed to answer itself: Anyone who understood the problem was making money off it...

 
Tyler Durden's picture

Frontrunning: March 31





  • US, Russia talks fail to end Ukraine deadlock (AP)
  • Russian forces 'gradually withdrawing' from Ukraine border (AFP)
  • Turkish PM Erdogan tells enemies they will pay price after poll (Reuters)
  • And Goldman arrives: Credit markets open to Argentina for first time in years (Reuters)
  • Regulators Twice Failed to Open GM Probes (WSJ)
  • Bad loan writedowns soar at China banks (FT)
  • Investors Breathe Life Into European Banks' Bad Loans (WSJ)
  • Euro zone inflation drops to lowest since 2009 (Reuters)
  • Yellowstone National Park rattled by largest earthquake in 34 years (Reuters)
 
Tyler Durden's picture

"Fade The Early Ramp" Watch - Day 7





After ramping in overnight trading, following the spike in Japanese stocks following another batch of disappointing economic data out of the land of the rising sun and setting Abenomics which sent the USDJPY, and its derivative Nikkei225 surging, US equity futures have pared some of the gains in what now appears a daily phenomenon. Keep in mind, the pattern over the past 6 consecutive days has been to ramp stocks into the US open, followed by a determined fade all the way into the close, led by "growthy" stocks and what appears to be an ongoing unwind of a hedge fund basket by one or more entities. Could the entire market be pushed lower because one fund is unwinding (or liquidiating)? Normally we would say no, but with liquidity as non-existant as it is right now, nothing would surprise us any more.

 
Phoenix Capital Research's picture

The Fed Has Shifted Gears… And the Markets Aren't Paying Attention





As we noted earlier this week, the Fed is growing increasingly concerned of a bubble forming in the financial markets. Previously we noted that Janet Yellen was issued warnings regarding this.

 
Tyler Durden's picture

Frontrunning: March 28





  • Crimea Resolution Backed by U.S. Barely Gets UN Majority (BBG)
  • Russian Buildup Stokes Worries (WSJ)
  • As reported here first: China’s Developers Face Shakeout as Easy Money Ends (BBG)
  • U.S. House Poised to Clear Sanctions Called Putin Warning (BBG)
  • Bitcoin Prices Plunge on Report PBOC Orders Accounts Shut (BBG)
  • Search for lost Malaysian jet shifts significantly after new lead (Reuters)
  • Russian fund taps China and Middle East (FT)
  • Long battle looms between U.S. college, athletes seeking to unionize (Reuters)
  • Official warns EU-US trade deal at risk over investor cases (FT)
  • New iPhone likely out in September, Nikkei daily says (AFP)
 
Syndicate content
Do NOT follow this link or you will be banned from the site!