Markit, a leading, global financial information services company today announced that BofA Merrill Lynch, Citi, and Goldman Sachs are the first futures commission merchants (FCMs) to agree to use MarkitSERV Credit Centre, the pre-trade credit checking solution for the OTC derivatives market.
Bloomberg has admitted that its reporters have been accessing client information through its financial data computer terminals
A former Goldman Sachs trader has pleaded guilty to fabricating trades on a manual system to hide an unauthorised $8.3 billion futures bet.
Omgeo, the global standard for post-trade efficiency, today announced that Edward Hazel of Goldman Sachs, Richard Taggart of State Street's Investment Management Services (IMS) and Susan Cosgrove of The Depository Trust & Clearing Corporation (DTCC) have joined its Board of Managers.
A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.
Goldman Sachs can expect plenty of Valentine's Day attention this year, but it won't be amorous, as hacktivist collective Anonymous gears up for an assault on the vampire squid's various social media accounts.
Nasdaq OMX was forced to cancel pre-market trades in nine stocks, including Citi and Goldman Sachs, yesterday after they caused huge price swings.
Goldman Sachs has been fined $1.5 million by US regulators for failing to supervise a trader who bypassed internal systems to conceal an $8.3 billion position from the bank and defraud it of $118 million.
A former Goldman Sachs trader has been charged by US regulators with bypassing internal systems to conceal an $8.3 billion position from the bank and defraud it of $118 million.
American stock exchanges are shutting down today, and provisionally tomorrow, as a precaution ahead of hurricane Sandy's arrival on the east coast.
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