Post-volcker, Trading At The Big Banks Is Up

Goldman did not return a request for comment. Even at Wells Fargo ( WFC ), which isn’t known to be a Wall Street powerhouse, trading assets are up 44% in the past four years to $62 billion. None of this says anything about risk, which could still be going down, even as the size of the banks’ trading operations continues to grow. The point of Volcker was to make the banks less risky by limiting the banks’ ability to buy and sell investments with their own, and their depositors’, cash. This was supposed to bring down the overall risk of the banks’ trading operations. But that doesn’t always appear to be the case.
Source: http://finance.fortune.cnn.com/2014/01/24/volcker-trading-banks/

First Week of March 22nd Options Trading For Garmin (GRMN)

Click here to find out the Top YieldBoost Puts of the Nasdaq 100 Below is a chart showing the trailing twelve month trading history for Garmin Ltd., and highlighting in green where the $45.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $46.00 strike price has a current bid of $1.61. If an investor was to purchase shares of GRMN stock at the current price level of $45.60/share, and then sell-to-open that call contract as a covered call, they are committing to sell the stock at $46.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.41% if the stock gets called away at the March 22nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if GRMN shares really soar, which is why looking at the trailing twelve month trading history for Garmin Ltd., as well as studying the business fundamentals becomes important.
Source: http://www.forbes.com/sites/stockoptionschannel/2014/01/24/first-week-of-march-22nd-options-trading-for-garmin-grmn/

IIROC Trading Halt / Suspension de la négociation par l’OCRCVM – Concordia Resources Corp., CCN

Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. L’OCRCVM peut prendre la decision d’imposer une suspension provisoire http://www.etftradingsignals.com des negociations sur le titre d’une societe cotee en bourse, habituellement en prevision d’une annonce importante de la part de la societe. Les suspensions de negociations sont imposees suivant le principe que tous les investisseurs devraient avoir un acces egal et simultane a l’information importante au sujet des societes dans lesquelles ils investissent.
Source: http://finance.yahoo.com/news/iiroc-trading-halt-suspension-la-141300675.html

STI trading within tight range for past eight months

Daryl Liew, head of portfolio management at Reyl Singapore, said: “The rest of the Asian markets have traded in a range as well over the last quarter of last year and the start of this year. “So you just compare Singapore to Malaysia, to Thailand, to the Philippines, to Indonesia, to the Chinese market, Korean market — they have all basically moved in step with each other. “And broadly speaking, one of the main reasons for that is that investor appetite is still more pro-developed markets, as opposed to Asia and emerging markets.” Most Asian and emerging markets closed 2013 in the red or saw modest gains. The Shanghai Composite and the Thai stock market were down around 6.7 per cent, Singapore closed flat, while developed markets like the US and Japan posted high double-digit gains of 29.6 per cent and 56.7 per cent respectively. But some analysts have said the tide could turn, especially if first-quarter earnings of Singapore corporates surprise on the upside.
Source: http://www.channelnewsasia.com/news/business/singapore/sti-trading-within-tight/966996.html

Germany, France attack EU plan to curb bank trading: document

Next week, the European Commission will unveil a blueprint to challenge the power of big banks, tackling one of the biggest risks exposed by the 2007-2009 financial crisis. The paper does not bear an author’s name but five financial industry and government sources told Reuters that Germany and France, together with Italy, were behind it. It sends a warning shot from the euro zone’s top economies to Brussels not to overstep the mark in a way that could challenge their national champions, such as Deutsche Bank (DBKGn.DE) or BNP Paribas (BNPP.PA). It also underlines growing tensions with Brussels on financial reform, weeks after a proposal from Brussels to set up a system of banking union was watered down by EU members states, including Germany.
Source: http://www.reuters.com/article/2014/01/23/us-eu-banks-idUSBREA0M19U20140123

Vinny Prospal to retire; trading Mike Green; drunk goalie (Puck Headlines)

For all the heat thats being put on fixed-income and commodities, theyre going to have a better year in 2014, Gorman said today in a Bloomberg Television interview with Erik Schatzker and Stephanie Ruhle at the World Economic Forum in Davos, Switzerland . Last year was tough, but thats not the end of the story. Morgan Stanley generated $4.2 billion from trading bonds, currencies and commodities in 2013, a 25 percent drop from a year earlier and less than half any of the New York banks biggest U.S. competitors. Gorman, 55, has said hes concerned with the returns of the business, not the size. Were not ever going to be one of the mega rates and foreign-exchange businesses like the big global commercial banks are, Gorman said. That doesnt mean we cant have a strong fixed-income and commodities business. Gorman set out a goal last year of boosting the fixed-income divisions return on equity, a measure of profitability, to 10 percent.
Source: http://www.bloomberg.com/news/2014-01-22/gorman-says-fixed-income-trading-will-perform-better-in-2014.html

Gorman Says Fixed-Income Trading to Rebound From 2013 Slump

Drunk goalie attempting to play beer league hockey. [ Yahoo ] Here’s a great fundraising effort to help benefit Children’s Hospital of Pittsburgh. [ Pensburgh ] CeeLo Green will be playing his vast catalogue during next week’s Stadium Series games at Yankee Stadium in New York. [ NHL ] Somehow, Sweden’s reserve team for the Olympics doesn’t include Victor Hedman . [ @puckarinen ] The reporter who threatened her WHL boyfriend has been charged with one count of felony harassment with domestic violence. Her bail was set at $50,000.
Source: http://sports.yahoo.com/blogs/nhl-puck-daddy/vinny-prospal-retire-trading-mike-green-drunk-goalie-200153877–nhl.html

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