Wall Street trader Jared Dillian was an outsider whose hard work won him entry to the storied investment bank Lehman Brothers. But as his gripping and admirably candid memoir, Street Freak, shows, even when you walk among the financial giants, you hit the ground hard when you fall.
The federal government says excessive pay at financial institutions was one of the main causes of the recent economic crisis. It now wants to make sure bank executives and traders take less risk, by insisting they defer a large part of their compensation.
Index futures, index options, equity options and security futures are all set to expire Friday in a phenomenon known as the "quadruple witching" hour. It usually signals a time of higher trading volumes and surprises on Wall Street, but this time, investor uncertainty is likely to keep trades low.
What are the best brokerages for mobile investors? The industry advisory firm Corporate Insight surveyed the mobile trading features of 21 brokerages, looking at a variety of platforms and loads of other features. See what firms come out on top.
One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy.
