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I really doubt that, trade capital and relationships are what define those houses, not their tech stack. Some of them are already pretty advanced from an in-house development perspective and could compete with the best of commercial-ready in the market trading platforms and data sources.
Most exchanges are public companies and they do much more than provide a simple marketplace for investors. Exchanges used to be owned by their customers but many of them “de-mutualized” years ago.
LSEG, ICE, NASDAQ also have major data and software businesses that generate significant revenues.
People can have a variety of different comfort levels with different kinds of risk. You’re suggesting that someone should consider a slightly lower salary + future possible earnings on options as equivalent to slightly lower salary + future possible earning on options - risk of loss on early exercise. Some people work for startups, some are angel investors, there is some overlap but it’s not 1:1 and it’s because those are different types of risk.
That is definitely still a thing. I get AMEX offers regularly equivalent to $1200 in rewards.
Have you read up about the world of commodity trading at all? I imagine you’d be interested in the book The World for Sale if you haven’t already read it. Interesting combination of market structure, fraud and geopolitics.
I partially disagree. Assuming you are majoring in something that has some positive ROI and do enough to actually graduate, which isn’t hard at most colleges, the party experience can be very supportive of most people’s future careers.
The social skills, networks, and alumni connections you build at college are a large fraction of the benefit that college gives the average person to further their career.
Otherwise, I agree. College is a great time to take advantage of the time you have to change your network, generate new ideas and take risks. And I also agree that most there can be benefit (though highly unlikely) for some people to not attend college or to drop out.
That’s probably a pretty fair assumption. That barrier helps to qualify potential buyers.
There’s a government program that is similar to a 401k, called the Thrift Savings Plan.
Has a single law review article done more to propel anyone’s career or drive policy than the Amazon Antitrust Paradox?
This already happens in some places. For example, in Houston, HOAs and other neighborhood management districts will contract with Constables to have a dedicated deputy in their neighborhood with a separate contact number. Others will contract with armed private security to patrol their neighborhoods as well.
Also, this is how people use the police already. They call them when they are annoyed with their neighbors, the infamous woman in Central Park that was covered heavily in the news this year comes to mind.
This is awesome, well done.
For sure shipping equities with exposure to freight rates like Maersk, and maybe other logistics equities, like railroads.
Private railroads also have police with law enforcement powers. https://en.m.wikipedia.org/wiki/Railroad_police
Just as comparison, an entry level firefighter in Bessemer makes about $12/hour starting out. https://www.pbjcal.org/documents/salary/03BS/firefighter.pdf
There's a lot in this article, but one of the key points is that in addition to their upstream and downstream competencies, the largest oil companies (excepting Exxon and Chevron) are also extremely successful at trading commodities, including oil, natural gas, and more importantly biofuels and electricity. As these companies attempt to manage the energy transition, they see trading as a way to juice the profitability of renewable projects.
As BP shifts its investments from fossil fuels to renewable energy, its traders will help it juice the relatively low returns on those investments, Bernard Looney, who last year succeeded Dudley as CEO, said in a presentation to investors in 2020. Renewable energy projects typically generate returns of 5% to 6%, he said, but the company’s expert traders can add about 2 percentage points to that.
The FT is well worth the cost if you are a daily reader of their reporting.
Niche, but very important to participants in the market. There is a growing industry of cargo and vessel tracking SaaS solutions (including https://Vortexa.com)
They can easily switch to other retail power providers. There are other services in Texas that you can subscribe to that will automatically switch your retail provider based on whoever happens to be providing the best deal on any particular day.
Most of the data on Bloomberg or any other market data terminal is going to from another data source. Either from an exchange, ratings agency, SEC reports, price reporting agencies, etc. They’ll also have proprietary data that are exclusive to their platform.
There are lots of industry alternatives to Bloomberg, such as Refinitiv Eikon, FactSet, CapIQ, etc. There is a lot of technical infrastructure required to be able to constantly provide real-time data with no downtime. Also, some data sets are in fact proprietary. For example, Refinitiv has a historical database that can’t be beat by competitors because they were literally the only ones that started recording the data as early as they did. Anyone else who claims to have an equivalent data set just won’t have the same amount to provide.
How would they plan to fight against other high maneuverability aircraft without comparable or better aircraft? There is definitely a goal of going unmanned at some point in the future in order to save lives, but the job still needs to be done today.
My wife is a pharmacist and she has a love-hate relationship with GoodRX. She deals with lots of people who don’t have good insurance or can’t afford their prescriptions and she is glad GoodRX offers benefits to these people but it is also a pain in the ass to administer. Pharmacies can’t just “look up” the price of a drug and switch between insurance, cash and GoodRX. It requires re-running basically the entire transaction and slows down their process, which considering how over worked they are is a bit of an annoyance.
What's the alternative supposed to be? Another CEO that has the absolute right to decide what goes on Facebook?
I think Zuckerberg is in an impossible decision. I think the fundamental problem is that social support for a classic understanding of the 1st amendment has fallen apart, but the legal requirements of the 1st amendment haven't changed (and personally, I don't think they should). Regardless, Zuckerberg is being forced to essentially create an extra-legal institution so that he isn't personally responsible for content moderation decisions. And he shouldn't be - no single person should have the power to decide what is fair online.
I think you’ll find that that is true of all southern metros. Atlanta is different from Calhoun, Birmingham from Anniston, Huntsville from Madison, etc.
It’s not that people are choosing to insulate - the metros are where the jobs are. Those metros have been changed by the influx of people, and if there were jobs the suburbs you would see the electorate change there as well.
Teams work cross-functionally, which means that in addition to the org-chart there are informal power dynamics between groups and individuals in those groups.
The entire precious metals desk did $250 million in profit a year. I doubt spoofing is responsible anything close to a majority of that.
Isn’t this evidence that it isn’t tolerated? The bank is paying a billion dollars and three of the traders involved, including the executive, are facing criminal fraud charges in a RICO case.
Rulebook and player guide available on the RAND website for free: https://www.rand.org/pubs/tools/TL301.html
I think some think tanks are sponsored to support scholars, and public intellectuals, that hold particular beliefs. Others are more academic, and will have scholars with multiple viewpoints.
I haven't personally, but from my experience interacting with some more traditional engineering organizations like oil and gas companies, it is incredibly common and useful there.
You have people who were managing several (5-80) engineers and technicians at a manufacturing plant, refinery, or other operational location, move to corporate and become an IC in various capacities. Some become advisors to senior mid-level, or VP-level management, or take on more commercial IC roles. They'll do those roles for a couple years and then rotate back into management in either their old orgs or the new org.