28 Killer Home Trading Desks From All Around The World



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28 Killer Home Trading Desks From All Around The World

Trading Desk

Business Insider

Consider this a friendly reminder of what really matters — the place you call home.

For traders, home is their desk. It's where markets happen (and markets = life). That's why we asked our readers to send us photos of their desks to check out how people are doing this all over the world.

They obliged, and we put the photos together in this slideshow. We're ready for another installment, though, so e-mail your trading desk set-up to jlaroche@businessinsider.com or llopez@businessinsider.com

Until then, check out these trading spaces.


A Chicago-area trader sent us this desk. He trades options, commodities, and stocks. He uses CQG and EOS as his trading platforms.

A Chicago-area trader sent us this desk. He trades options, commodities, and stocks. He uses CQG and EOS as his trading platforms.

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This trader has a great view of the Manhattan skyline.

This trader has a great view of the Manhattan skyline.

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This set-up belongs to a pair of forex traders in Malaysia. 'We make our office as spacious as possible with minimum clutter and with as much green as possible. We have a fridge loaded with food and drinks. We have a sofa bed that we can use for relaxing or resting. Our place is so conducive, we do not want to trade anywhere else,' one of the traders tells us.

This set-up belongs to a pair of forex traders in Malaysia. 'We make our office as spacious as possible with minimum clutter and with as much green as possible. We have a fridge loaded with food and drinks. We have a sofa bed that we can use for relaxing or resting. Our place is so conducive, we do not want to trade anywhere else,' one of the traders tells us.

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This set-up belongs to a young trader from Bremen, Germany. He says, 'I normally use a German web-based analysis software called Guidants. Also, I use the MetaTrader 4 and the web-based trading software by IG Markets.'

This set-up belongs to a young trader from Bremen, Germany. He says, 'I normally use a German web-based analysis software called Guidants. Also, I use the MetaTrader 4 and the web-based trading software by IG Markets.'

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'I use Reuters Eikon, Bloomberg, SuperDerivatives DGX, and, last but not least, Microsoft Excel! For all those trends and algorithms I need to track!'

'I use Reuters Eikon, Bloomberg, SuperDerivatives DGX, and, last but not least, Microsoft Excel! For all those trends and algorithms I need to track!'

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This is the home trading station of a Connecticut-based trader.

This is the home trading station of a Connecticut-based trader.

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This is the same trader's office set-up. He uses TT, CQG, and CTS trading platforms.

This is the same trader's office set-up. He uses TT, CQG, and CTS trading platforms.

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This trader is also based in Connecticut. Check out those monitors!

This trader is also based in Connecticut. Check out those monitors!

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Located in Viña del Mar, Chile, this trader has a front-row view of the Pacific Ocean.

Located in Viña del Mar, Chile, this trader has a front-row view of the Pacific Ocean.

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The trader told us that he uses TOS platform and Traders Audio. He has four monitors and a MacBook and watches Bloomberg TV and CNBC.

The trader told us that he uses TOS platform and Traders Audio. He has four monitors and a MacBook and watches Bloomberg TV and CNBC.

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They have a killer view!

They have a killer view!

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These Argentine commodities traders have a sick view too. But first, their set-up: They use a Reuters terminal for news and charting and their platform is FIX Protocol. And no, they don't usually have flowers — it's a special occasion.

These Argentine commodities traders have a sick view too. But first, their set-up: They use a Reuters terminal for news and charting and their platform is FIX Protocol. And no, they don't usually have flowers — it's a special occasion.

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Here's the view! It's of Argentina's Parana River, and their office is in a town called Rosario.

Here's the view! It's of Argentina's Parana River, and their office is in a town called Rosario.

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This photo is of a fixed-income desk belonging to a buy-side RIA in Oregon. Clearly he's got some lovely vegetation in his view.

This photo is of a fixed-income desk belonging to a buy-side RIA in Oregon. Clearly he's got some lovely vegetation in his view.

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He also has 'obligatory multiple time-zone clocks as an intelligence test.'

He also has 'obligatory multiple time-zone clocks as an intelligence test.'

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This trader likes to keep it 'simple and sweet' with a backyard view. This trader uses two 23-inch LG wide-screen monitors connected to a DELL i7 windows 8 with 12 gig of memory. The second keyboard on the right is Bluetooth-connected to an old Dell laptop that can be switched on the left monitor. He trades on Interactive Brokers TWS desktop platform.

This trader likes to keep it 'simple and sweet' with a backyard view. This trader uses two 23-inch LG wide-screen monitors connected to a DELL i7 windows 8 with 12 gig of memory.  The second keyboard on the right is Bluetooth-connected to an old Dell laptop that can be switched on the left monitor. He trades on Interactive Brokers TWS desktop platform.

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A Park City, Utah, trader's set-up ...

A Park City, Utah, trader's set-up ...

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We're not sure where this trader is based, but we like his style.

We're not sure where this trader is based, but we like his style.

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This one comes from an options trader based on the island of Mauritius ... The trader writes, 'I keep everything simple, I trade plain price action — no indicators, no news. With experience I have come to learn that only price pays and nothing else. in the picture, you can see on the wall memos all related to trading, that is, past mistakes, goals, rules, wisdom. The goal here is to reproduce sound behaviors and eliminate those that don't serve me well.'

This one comes from an options trader based on the island of Mauritius ... The trader writes, 'I keep everything simple, I trade plain price action — no indicators, no news. With experience I have come to learn that only price pays and nothing else. in the picture, you can see on the wall memos all related to trading, that is, past mistakes, goals, rules, wisdom. The goal here is to reproduce sound behaviors and eliminate those that don't serve me well.'

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This Chicago-based options trader has an astonishing 15 panels. He uses OptionsCity Metro for his trading platform and watches a variety of financial-news outlets — and sometimes ESPN.

This Chicago-based options trader has an astonishing 15 panels. He uses OptionsCity Metro for his trading platform and watches a variety of financial-news outlets — and sometimes ESPN.

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This comes from two traders in Vancouver. They use a pro trader subscription with Stockwatch.com.

This comes from two traders in Vancouver. They use a pro trader subscription with Stockwatch.com.

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This sleek set-up belongs to a trader turned financial adviser based in Pittsburgh. He uses ThinkorSwim by TDAmeritrade. He mostly runs an ETF based strategy.

This sleek set-up belongs to a trader turned financial adviser based in Pittsburgh. He uses ThinkorSwim by TDAmeritrade. He mostly runs an ETF based strategy.

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Not the best-quality picture, but we dig the set-up. This futures focused trader is using two CPU and two laptops.

Not the best-quality picture, but we dig the set-up. This futures focused trader is using two CPU and two laptops.

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A day trader's set-up.

A day trader's set-up.

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This desk is in upstate New York, 'surrounded by forever wild woods and amazing wildlife.' The trader says he has eight screens in total. He prefers Bloomberg TV to any other television source, and he loves following Twitter.

This desk is in upstate New York, 'surrounded by forever wild woods and amazing wildlife.' The trader says he has eight screens in total. He prefers Bloomberg TV to any other television source, and he loves following Twitter.

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And then there's Tim Sykes who wants to share his 'trade station' from the Maldives ...

This may be our favorite — one trader's Houston-based traders desk upon coming home from vacation.

This may be our favorite — one trader's Houston-based traders desk upon coming home from vacation.

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Posted by Johns Shin
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15 Badass Trading Desk Setups From Around The World



Read more: http://www.businessinsider.com/more-trading-desk-setups-2014-7?op=1#ixzz36pGZ06uD



If you want to trade the markets you have to live the markets — that means turning your trading desk into your second home.

That's why we put out a call to our readers to send in pictures of their oh-so-important spaces, and the response was just awesome.

The desks came in from Croatia to Chicago, Brazil to Switzerland. You sent us everything from massive desks with a bunch of screens to killer views that likely make the day go by a lot faster.

Thanks. Keep 'em coming.

If you would like to include your trading desk set up, feel free to send an email to jlaroche@businessinsider.com and llopez@businessinsider.com with a photo and a brief description. 


This set-up comes from a trader in Switzerland. He uses Interactive Brokers to trade stocks and options and use various market data tools. The Samsung Galaxy Tab 3 shown is also running Interactive Brokers for his mobile needs.

This set-up comes from a trader in Switzerland. He uses Interactive Brokers to trade stocks and options and use various market data tools. The Samsung Galaxy Tab 3 shown is also running Interactive Brokers for his mobile needs.

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This desk belongs to a Los Angeles-based options trader focusing on premium selling as his main strategy. He uses Thinkorswim for charting and Silexx Obsidian for order entry.

This desk belongs to a Los Angeles-based options trader focusing on premium selling as his main strategy. He uses Thinkorswim for charting and Silexx Obsidian for order entry.

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A trader in Croatia uses this desk to trade currencies. He uses OANDA as his broker. That's Oanda's charting platform on the monitors. He usually trades intraday when there is higher volatility in markets to exploit fast moves with breakout strategies.

A trader in Croatia uses this desk to trade currencies. He uses OANDA as his broker. That's Oanda's charting platform on the monitors. He usually trades intraday when there is higher volatility in markets to exploit fast moves with breakout strategies.

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A Brazilian trader explained that what's different about his desk is that he uses one of his monitors vertically instead of horizontally (There wasn't enough space to use it normally).

A Brazilian trader explained that what's different about his desk is that he uses one of his monitors vertically instead of horizontally (There wasn't enough space to use it normally).

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This trader is based in Chicago as seen seen from the Bears sticker on his chair! He uses Sterling Software, which recently merged with PTS (Professional Trading Solutions). He watches CNBC via slingbox on one of his screens.

This trader is based in Chicago as seen seen from the Bears sticker on his chair!  He uses Sterling Software, which recently merged with PTS (Professional Trading Solutions). He watches CNBC via slingbox on one of his screens.

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This desk comes from a trader in Portland, Maine.

This desk comes from a trader in Portland, Maine.

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This desk comes from the United Arab Emirates.

This desk comes from the United Arab Emirates.

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This trader has a sleek set-up in Miami. He also trades from remote locations.

This trader has a sleek set-up in Miami. He also trades from remote locations.

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Here's the same trader's set-up from Tulum, Laguna Seca raceway (during AMG driving school).

Here's the same trader's set-up from Tulum, Laguna Seca raceway (during AMG driving school).

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This set up belongs to Twitter user @Modern_Rock.

This desk comes from a trader in Brazil. He apparently likes to watch Bloomberg's "Market Makers."

This desk comes from a trader in Brazil. He apparently likes to watch Bloomberg's "Market Makers."

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This desk belongs to a trader in New Jersey. You might notice the bike seat in the photo.

This desk belongs to a trader in New Jersey. You might notice the bike seat in the photo.

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That's because he has a VR cycling system by his desk.

That's because he has a VR cycling system by his desk.

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This set up belongs to Nathan Michaud of InvestorsLive.com.

Here's another shot of the InvestorsLive setup.



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Posted by Johns Shin
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They Discovered Something In The Brains Of Great Investors That Makes Them Do So Much Better



Read more: http://www.businessinsider.com/the-brains-of-great-traders-2014-7#ixzz36pEwYOrh


Warren Buffett

REUTERS/Lucas Jackson

Investor Warren Buffett poses for a portrait during an interview after a luncheon to benefit the Glide Foundation of San Francisco in New York April 23, 2014.

Warren Buffett once suggested that investors should try to "be fearful when others are greedy and be greedy only when others are fearful."

But according to a new study by Caltech and Virginia Tech behavioral economists, only certain people's brains are capable of acting on this advice. 

The researchers looked at the brain activity and behavior of people trading in experimental markets where price bubbles formed, using an fMRI scanner to track responses. 

They found that only "wise" traders received an early "warning signal" from their brains, causing them to feel uncomfortable and urging them to sell. 

The wiser traders had more intense activity in the insular cortex, which is associated with risk aversion — it's often activated when a person smells something rank. The much more common brain pattern the researchers found was one that made traders behave in a greedy way, buying aggressively during a bubble and even after its peak. These traders had much greater activity in the nucleus accumbens, or NAcc, which is associated with reward processing.

Here's the brain activity chart: The high earners, in green, saw significantly more insula activity as a peak approached. Meanwhile, the poorly performing traders' brains' regulation areas basically shut down.


And here's the trading activity chart. The high earners, in green, curbed their trading activity significantly as they sensed peak pricing approach, then bought into the dip once it passed. The bad traders kept buying throughout the peak.  

"Seeing what's going on in people's brains when they are trading suggests that Buffett was right on target," Colin Camerer, the Robert Kirby professor of behavioral economics at Caltech, said in a university release"The high-earning traders are the most interesting people to us. Emotionally, they have to do something really hard: sell into a rising market. We thought that something must be going on in their brains that gives them an early warning signal." 

""The prices were still going up at that time, so they couldn't be making pessimistic predictions just based on the recent price trend," Camerer said. "We think this is a real warning signal."



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Posted by Johns Shin
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A Wall Street Strategist Made An Awesome Presentation Explaining Everything In Markets And The Economy

oppenheimer

Oppenheimer & Co.

The Dow crossed 17,000 for the first time on Thursday after a monster U.S. jobs report.

"Six months into the year it’s become clear to us that 2014 is likely to be remembered in market history books as a year of big surprises," writes Oppenheimer's John Stoltzfus.

"From our vantage point on the market radar screen it confirms that indeed the economy is getting better, that stocks continue to gather a following among investors after many years of being ignored, untrusted and unloved by more than a few."

Stoltzfus believes that investors and traders will be watching the upcoming earnings season closely.

"Market participants will be looking for further improvements in revenues and earnings growth that along with financial engineering in the form of share buybacks have helped move the market higher through the recovery since 2009," he said. "Guidance as to what corporate leadership sees ahead will likely carry increasing weight."

As the Federal Reserve continues to let up on its easy monetary policy, Stoltzfus warns that the market could experience a ramp up in volatility.

Stoltzfus just published a 35-page presentation putting every corner of the financial markets into perspective.

Thanks to Oppenheimer & Co. for giving us permission to feature this presentation.


Interest rates are slowly climbing to more normal levels.

Interest rates are slowly climbing to more normal levels.

Oppenheimer & Co.

Utilities have been beating consumer discretionary stocks.

Utilities have been beating consumer discretionary stocks.

Oppenheimer & Co.

Everything's up a healthy amount from their lows of the year.

Everything's up a healthy amount from their lows of the year.

Oppenheimer & Co.

Valuations for cyclicals are rich, but earnings expectations could be too conservative.

Valuations for cyclicals are rich, but earnings expectations could be too conservative.

Oppenheimer & Co.

Valuations for defensive stocks are also rich, but earnings expectations for these could also be too conservative.

Valuations for defensive stocks are also rich, but earnings expectations for these could also be too conservative.

Oppenheimer & Co.

Here's a look at the biggest winners and losers of the S&P 500 since the beginning of the year.

Here's a look at the biggest winners and losers of the S&P 500 since the beginning of the year.

Oppenheimer & Co.

Investors are bullish, but not extremely bullish.

Investors are bullish, but not extremely bullish.

Oppenheimer & Co.

The expected return of stocks relative to bonds is shrinking.

The expected return of stocks relative to bonds is shrinking.

Oppenheimer & Co.

European stocks have been doing great.

European stocks have been doing great.

Oppenheimer & Co.

Only the frontier markets saw red in June.

Only the frontier markets saw red in June.

Oppenheimer & Co.

But the frontier markets are still having a huge year.

But the frontier markets are still having a huge year.

Oppenheimer & Co.

Job growth should boost corporate earnings and revenue.

Job growth should boost corporate earnings and revenue.

Oppenheimer & Co.

Consumer confidence is moving higher.

Consumer confidence is moving higher.

Oppenheimer & Co.

Manufacturing and services industry survey indices are well above crisis levels.

Manufacturing and services industry survey indices are well above crisis levels.

Oppenheimer & Co.

Auto sales should keep moving higher.

Auto sales should keep moving higher.

Oppenheimer & Co.

Tight inventory has held back the housing market.

Tight inventory has held back the housing market.

Oppenheimer & Co.

Stock market volatility is at historic lows.

Stock market volatility is at historic lows.

Oppenheimer & Co.

Commodity prices are moving up due to supply issues.

Commodity prices are moving up due to supply issues.

Oppenheimer & Co.

Geopolitics appear to be driving gold and silver prices.

Geopolitics appear to be driving gold and silver prices.

Oppenheimer & Co.

High gas prices are bad news. But consumers aren't nearly as vulnerable as they used to be.

High gas prices are bad news. But consumers aren't nearly as vulnerable as they used to be.

Oppenheimer & Co.

The shale boom has insulated the U.S. from overseas oil shocks.

The shale boom has insulated the U.S. from overseas oil shocks.

Oppenheimer & Co.

U.S. energy exports have been booming.

U.S. energy exports have been booming.

Oppenheimer & Co.

A lot of things are weighing on the U.S. dollar.

A lot of things are weighing on the U.S. dollar.

Oppenheimer & Co.

Mid-cap stocks are making a notable rally.

Mid-cap stocks are making a notable rally.

Oppenheimer & Co.

Individual sectors will do different things in any given year.

Individual sectors will do different things in any given year.

Oppenheimer & Co.

Bonds and gold usually move in the opposite direction of stocks.

Bonds and gold usually move in the opposite direction of stocks.

Oppenheimer & Co.

Investors' reach for yield has fueled rallies in junk bonds and munis.

Investors' reach for yield has fueled rallies in junk bonds and munis.

Oppenheimer & Co.

By far, the U.S. remains the biggest economy in the world.

By far, the U.S. remains the biggest economy in the world.

Oppenheimer & Co.

Here's a summary of Oppenheimer's outlook.

Here's a summary of Oppenheimer's outlook.

Oppenheimer & Co.

Oppenheimer & Co.

Oppenheimer & Co.

Oppenheimer & Co.



Read more: http://www.businessinsider.com/oppenheimer-investment-strategy-july-2014-2014-7?op=1#ixzz36pEXH59u

Posted by Johns Shin
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Here's Why We Call Them 'Bear' And 'Bull' Markets



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When stocks are up 20% from a low, we're in a bull market. And when stocks are down 20% from a high, we're in a bear market.

But where do these names come from?

According to Scottrade, these characterizations were designated because of the respective animals' methods of attack.

When you get gored by a bull, your usually getting launched into the air. And when a bear attacks you, it's coming down on you from its standing position.



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Read more: http://www.businessinsider.com/ex-goldman-trader-deeb-salem-bonus-case-2014-6#ixzz36pCrQwyh

A Young Ex-Goldman Trader Thinks His $8.25 Million Bonus Was Too Low

Deeb Salem

Getty Images/ Eugene Gologursky

Deeb A. Salem and Lauren C. Salem.

A young former Goldman Sachs trader thinks that the $8.25 million bonus the bank awarded him was too low, Bloomberg News reports.

Deeb Amin Salem, a 35-year-old star mortgage trader, told his mom he was expecting $13 million for his 2010 bonus, the report said citing Financial Industry Regulatory Authority arbitration documents. Instead, he got $8.25 million. 

The year before, Salem was paid a $15 million bonus. That was more than Goldman CEO Lloyd Blankfein took home for his 2009 bonus, Bloomberg pointed out.

According to the report, Salem thought he was being punished for what he wrote in his 2007 self-evaluation. His review was made public back in 2011 by a U.S. Senate panel.

Here's what he wrote about what he did well during the mortgage meltdown: 

"In May, while we were remain[ing] as negative as ever on the fundamentals in sub-prime, the market was trading VERY SHORT, and susceptible to a squeeze. We began to encourage this squeeze, with plans of getting very short again, after the short squeezed [sic] cause[d] capitulation of these shorts. This strategy seemed do-able and brilliant, but once the negative fundamental news kept coming in at a tremendous rate, we stopped waiting for the shorts to capitulate, and instead just reinitiated shorts ourselves immediately."

Salem joined Goldman in 2001 after graduating from Princeton. While at Goldman, he became the head trader in the structured product group and led that desk during the mortgage crisis.

According to Bloomberg News, a $3 million bonus for his 2011 performance is what caused him to leave for a hedge fund in 2012. He's currently working as a portfolio manager for GoldenTree Asset Management. 

A spokesperson for Goldman told Bloomberg News that Salem's claims are "utterly ridiculous." 

Salem's claims were recently rejected by a FINRA panel. His attorney has just filed a petition in New York State Supreme Court.

Salem is seeking $16.5 million from the bank ($9.5 million and about 41,000 shares in deferred compensation), the report said. 



Read more: http://www.businessinsider.com/ex-goldman-trader-deeb-salem-bonus-case-2014-6#ixzz36pD0OWrs

Posted by Johns Shin
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29 Successful People Who Wake Up Really Early



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howard schultz

Spencer Platt / Getty

Howard Schultz gets up at 4:30 a.m.




It's no coincidence that so many successful people get up early. The early bird schedule is good for responding to people and events around the world, getting a head start on people in your own time zone, and also finding time for exercise and family. What's more, research shows that early risers tend to be happier and more proactive.

While a late schedule may make sense for some occupations, most people should take notes from the executives and other successful people on this list.


GE CEO Jeff Immelt

GE CEO Jeff Immelt

Immelt gets up at 5:30 in the morning every day for a cardio workout, during which he reads the papers and watches CNBC, he told Fortune. He claims to have worked 100 hour weeks for 24 straight years.  

Xerox CEO Ursula Burns

Xerox CEO Ursula Burns

AP Images

Burns uses early morning hours to get caught up on emails, getting up at 5:15 and sometimes working until midnight, she told Yahoo Finance.

She also uses the time to stay in shape, scheduling an hour of personal training at 6:00 A.M. twice a week, according to Laura Vanderkam's "What The Most Successful People Do Before Breakfast."

Fiat and Chrysler CEO Sergio Marchionne

Fiat and Chrysler CEO Sergio Marchionne

Marchionne splits his time between Turin, Italy and Auburn Hills, Mich.

When in the U.S., he gets up at 3:30 in the morning to deal with the European side and still have time for everything else, he told "60 Minutes."

"You and I have lived among workaholics in our day. I have never seen anything like Sergio," Obama "car czar" Steve Rattner said on the show. "When it was a holiday in Italy he'd come to America to work. When it's a holiday in America he goes to Italy to work. Saturdays and Sundays were just workdays to him and for his whole team. And anybody who signed up with Sergio signed up for the program.

PIMCO Co-founder Bill Gross

Running the world's largest bond fund in the world from California pretty much guarantees early mornings. According to Fortune, Gross wakes up at 4:30 in the morning to check out the markets and gets into the office by 6. 

Square CEO Jack Dorsey

Dorsey described his morning routine to New York Magazine, revealing that he wakes up at 5:30 to meditate and go for a six-mile jog.

He kept up that routine during a period where he shuttled back and forth between Square and Twitter, spending around 8 hours a day at both companies. 

Richard Branson, founder and chairman of the Virgin Group

In an interview with Business Insider's Aly Weisman, Branson revealed that he wakes up at around 5:45 in the morning, even when staying at his private island, leaving the curtains drawn so the sun gets him up. 

He does his best to use those early hours to exercise before an early breakfast and getting to work. 

PepsiCo CEO Indra Nooyi

Nooyi wakes up as early as 4:00 A.M., telling Fortune that "They say sleep is a gift that God gives you ....that's one gift I was never given."

In a speakers series at Pepsi, she revealed that she's at work every day by no later than 7.

General Motors' CEO Dan Akerson

General Motors' CEO Dan Akerson

GM website

Akerson told the AP he will "rarely sleep past 4:30 or 5," waking up so he can talk to GM Asia before it gets too late. He calls it the best job he's ever had: "It's complex and interesting and exciting."

But the stress gets to him too, leading to "a lot of sleepless nights."

Virgin America CEO David Cush

Virgin America CEO David Cush

Getty Images

Cush described his morning routine to the AP: Wakes up at 4:15 a.m., sends emails, calls business associates on the East Coast, and that's before listening to Dallas sports radio, reading the paper and hitting the bike at the gym.

Apple CEO Tim Cook

Cook is known for getting up and sending out company emails at 4:30 in the morning, according to Gawker's Ryan Tate. By 5 AM he can be found in the gym. And he works late too, priding himself on being the first in the office and the last out.

Disney CEO Bob Iger

Disney CEO Bob Iger

Business Insider

Iger told the New York Times he gets up at 4:30 every morning. He takes the quiet time to do a number of things, claiming to read the papers, exercise, listen to music, look at email, and watch TV all at once. Even though it's quiet time, he's "already multitasking."

Hain Celestial Group CEO Irwin Simon

Hain Celestial Group CEO Irwin Simon

AP Images

Simon wakes up 5 a.m. and immediately starts working, going through emails and calling operations in Europe and Asia. He also prays, walks the dog and exercises before his kids wake up, often scheduling a breakfast meeting before arriving at his Long Island office by 9 a.m.

"I have always been an early riser. As you can see, I accomplish a lot in four hours and now feel pumped for the remainder of the day," Simon told National Post, also saying he works 75 to 100 hours a week running the company behind brands like Rice Dreams and Celestial Seasonings.

Former Peugeot GM Jean-Martin Folz

Former Peugeot GM Jean-Martin Folz

AP Images

Now headed to the board of Eutelsat Communications, the former head of Peugeot was said to catch the 4 a.m. train from Dijon to Paris and would finish up a briefing paper within minutes of arriving to his office at 7 a.m. According to The Guardian, Folz also had his Renault Espace converted into an office so he could work while commuting.

Starbucks CEO Howard Schultz

"I get up at 4:30 every morning to walk my three dogs and work out. Around 5:45 a.m. I make coffee for myself and my wife, using an 8-cup Bodum French press," Schultz told Bloomberg Businessweek

The coffee magnate still gets to the office by 6 a.m., according to Portfolio.com.

Brooklyn Nets CEO Brett Yormark

The youngest CEO in the NBA told SellingPower that he gets up at 3:30 in the morning in order to get to the office by 4:30. From there, he works out and sends motivational emails to his team.

He takes it easy on the weekends, arriving at the office by 7 a.m. instead.

Former Oxygen Channel CEO Gerry Laybourne

Former Oxygen Channel CEO Gerry Laybourne

Getty Images

The founder of Oxygen is awake by 6 a.m. and out of the house a half hour later. If you get up early enough she might even take you under her wing, she tells Yahoo! Finance:

"Once or twice a week, I go for a walk in Central Park with a young person seeking my advice. This is my way of helping bring along the next generation. And if someone is up early in the morning then they are serious about life. I can't take time at the office to do this, but doing it in the morning allows me to get exercise and stay connected with young people at the same time."

Cedar Fair Entertainment CEO Matt Ouimet

Cedar Fair Entertainment CEO Matt Ouimet

Getty Images

Ouimet likes to get to the office early, waking up at 5:30 in order to get out of the house by 6 a.m.

“I’ve always been anxious to get to work: game time," he told Yahoo Finance.

Cisco CTO Padmasree Warrior

Cisco CTO Padmasree Warrior

Getty Images

After waking up at 4:30 a.m., Warrior spends an hour on email, reads the news, works out, and gets her son ready for school. She is still in the office by 8:30 at the latest, according to Yahoo Finance.  

Procter & Gamble CEO A.G. Lafley

The head of Proctor & Gamble, who took the job again after a hiatus, told Fortune that he makes it a habit to be up between 5 and 5:30 a.m. and at his desk by 6:30 or 7.

He also takes care to have a good breakfast:  "I used to eat virtually nothing for breakfast. Now I have a V-8 juice, half a bagel, and a cup of yogurt. And I eat five or six times a day. It's about managing your glycemic level. You don't want to boom and bust."

Unilever CEO Paul Polman

The Dutch-born Polman gets up at 6 a.m. so he can run on the treadmill in his office. This also gives him time to "reflect on the work day ahead," which is probably pretty hectic at a multinational food and detergent company.

AOL CEO Tim Armstrong

"I usually get up at 5 or 5:15am," Armstrong told The Guardian. "Historically, I would start sending emails when I got up. But not everyone is on my time schedule, so I have tried to wait until 7am. Before I email, I work out, read, and use our products. By 7am, I usually have questions or feedback about AOL. I am not a big sleeper and never have been. Life is too exciting to sleep."

He says he tries to get six hours of sleep a night, but often ends up operating on less. "It isn't ideal," he admitted.

Newton Investment CEO Helena Morrissey

Morrissey told The Guardian that she gets up "at 5 in the morning, sometimes earlier," and immediately starts sending emails until her kids get up. She has family dinner scheduled at 7:30 p.m. but works again after that, sometimes for as much as two hours, prepping for the next morning's meetings.

She admits to feeling a bit sleep deprived. But that's the job, especially when you've got nine children in addition to running a global investment company.

Incoming GM CEO Mary Barra

Incoming GM CEO Mary Barra

General Motors

Barra, who will replace current CEO Dan Akerson next year is a GM lifer and will be the first female head of a major auto company.

She's in the office before many people even wake up, usually by 6 A.M. according to the New York Times.

Starwood Hotels CEO Frits Van Paaschen

The former Coors CEO makes a habit of going for a run or bike ride at 5:50 in the morning and being ready for the day by 6:30, according to "What The Most Successful People Do Before Breakfast."

According to the AP, he might be America's fittest CEO, and completed his first Ironman triathlon earlier this year in 12 hours and 44 minutes. 

It's that effort that's helped him succeed. One of the three life lessons he shared with Bloomberg Businessweek was that "effort is more important than talent." Another excellent lesson was that "anyone who believes he is a self-made man has a very selective memory." 

Former PepsiCo CEO Steve Reinemund

Former PepsiCo CEO Steve Reinemund

AP Images

While running PepsiCo, this Marine veteran would run 4 miles every morning at 5 a.m., according to CEO.com. This was the only way he could be sure he would have time for his run and would not get caught up in corporate affairs. He also made a habit of reading The New York Times, The Wall Street Journal, Financial Times, and The Dallas Morning News before heading to work.

Now dean of the Wake Forest University School of Business, Reinemund has invited students and faculty to join him on early morning jogs he calls "Dawn with the Dean," according to the Business Journal.

Baltimore Ravens Head Coach John Harbaugh

Baltimore Ravens Head Coach John Harbaugh

Wikimedia Commons

For ESPN, Harbaugh chronicled his work week as he prepared for a game with the Chicago Bears. He usually wakes up well before 6 A.M. and often works until 11. On at least a few nights of the week, he sleeps on his office couch in order to wake up earlier, work later, and get down to work faster.

And despite a packed schedule where pretty much every minute is taken up with watching tape, meetings, or practices, he manages to work out almost every day. 

Vogue editor-in-chief Anna Wintour

Vogue editor-in-chief Anna Wintour

Getty Images / Gareth Cattermole

The famously intense magazine and fashion icon wakes up every morning at 5:45 to play an hour of tennis, according to The Guardian. After that comes a daily blowout at quarter to 7 to maintain her famous hairstyle. 

Former presidents George HW Bush and George W Bush

The first Bush would get up at 4 a.m., go running, be in the office by 6 a.m. and stay up until 2 a.m. "He was a horror," said a former White House nurse who had to try to keep up with him.

The second Bush kept a similar schedule, going to the office by 6:45 a.m. and often holding meetings at this ripe hour, according to The NYT.

So did W. Bush's cabinet. Colin Powell put in "perfectly appalling" hours, arriving to the office at 6 a.m., and not leaving until after 7 p.m., according to his former students. Condoleeza Rice woke up every day at 4:30 in the morning in order to get to the gym before work.



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Posted by Johns Shin
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reference:http://www.businessinsider.com/16-words-that-will-make-you-sound-like-a-wall-street-hotshot-2012-7?op=1

16 Words That Will Make You Sound Like A Wall Street Hotshot



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The financial markets are much more complicated than just stock market price-earnings ratios and bond market interest rates.

Thanks to complex statistics-based theories and the explosion of derivatives, reports analyzing the financial markets are now riddled with incredibly intimidating jargon.

We selected some of the key terms that are both advanced and also used pretty frequently by Wall Streeters to describe what's going on in the markets.

Learning to use them will make you sound like a real hotshot.


Crack spread

Definition: The "crack spread" is the difference between cost of crude oil and price of a refined petroleum product, usually using gasoline and distillate fuel. Both single and multi-product crack spreads are calculated. The most common multi product figure is the 3:2:1 crack spread, calculated by subtracting the cost of three barrels of crude oil from the price of two barrels of gasoline, and one barrel of distillate.

Use: Crack spreads are a useful way to look at supply trends and refinery margins in different markets, as it compares a locally priced commodity (wholesale products) to a globally priced one (crude oil). Crack spread futures are used by independent refiners to hedge against adverse price movements.  

Source: U.S. Energy Information Administration

Contango

Definition: "Contango" is when the prices along a futures curve rises successively as the contracts' expiration increases. More basically, it is when the futures price is trading above the spot price for a commodity.  

Use: If a commodity is in contango, it usually reflects weak demand today or strengthening demand over time. The obvious current example is the natural gas market, which is in severe contango.  

Source: Options, Futures, And Other Derivatives

Backwardation

Definition: Backwardation is the opposite of a contango.  It occurs when prices in the futures chain fall as the contracts grow more distant in time. The futures price will be below the spot price.    

Use: Backwardation tends to occur when there are deflationary expectations for a commodity. Recently, we've seen backwardation in the silver market. 

Source: Options, Futures, And Other Derivatives

2s10s

Definition: This term refers to the difference in yield between a sovereign debt issuer's 2 year bond (2s) and its 10 year bond (10s). 

Use: A steeper curve, where the yield on the 10 year is higher than the 2 year, indicates an increasing growth and/or inflation expectations. 

Duration

Duration

Definition: Duration is a weighted average of the times that interest payments and the final return of principal are received. The weights are the amounts of the payments discounted by the yield-to-maturity of the bond.

Duration is also used to describe the risk of a bond as reflected by the change in price as the market interest rate moves.

Use: Duration allows the comparison of bonds with different maturities and coupons. A bond with a higher duration is riskier and will likely have higher price volatility. 

Source: Options, Futures, And Other Derivatives

Convexity

Convexity

Definition: Convexity is the first derivative of duration, so it measures the sensitivity to interest rates of a bond's duration.

If a bond exhibits positive convexity, the price increases at an accelerating rate when market interest rates fall.  And vice versa.

Use: Generally used as a risk management tool for a bond portfolio, along with duration. 

Source: Options, Futures, And Other Derivatives

Swap spread

Definition: A swap spread is the difference between the rate paid on an interest rate swap and the rate of the most recently issued treasury with the same maturity as the swap.

Use: Higher swap spreads reflect higher risk in the bond market. 

Source: Investopedia

Alpha

Definition: Alpha is a measurement of a portfolio's risk adjusted return.  

Use: Often used to measure fund manager's performance. 

Source: Corporate Finance

Delta

Delta

Definition: Delta is the the spot change in the price of a call (or put) option relative to the change in the price of the underlying stock.

Use: Delta hedging is a strategy that aims to reduce the risk from movements in an asset price by offsetting positions at a ratio determined by delta. 

Source: Options, Futures, And Other Derivatives

Gamma

Gamma

Definition: Gamma is the first derivative of delta, and measures its rate of change. 

Use: A trader may seek to minimize Gamma when delta hedging, so as to make the hedge effective over a wider variety of price movements.   

Source: Options, Futures, And Other Derivatives

Theta

Theta

Definition: Theta measures the "time decay" of an option, it captures the sensitivity of the price of the option to elapsed time as the option approaches maturity.

Use: Options can either be exercised immediately or held until a date nearer its expiration. Theta can give an idea of how much the price of the option might move as it approaches maturity. 

Source: Options, Futures, And Other Derivatives

Vega

Vega

Definition: Vega is the sensitivity of the price of an option to volatility. 

Use: Especially important in today's volatile market, volatility can significantly affect certain options strategies. 

Source: Options, Futures, And Other Derivatives

Implied volatility

Implied volatility

Definition: Implied volatility is the solution value for volatility in an option pricing model like Black Scholes, the value implied by the market price of an option and its underlying security. 

Use: Used in options pricing, particularly for Black Scholes. 

Source: Options, Futures, And Other Derivatives

Straddle/strangle

Definition: A long straddle involves purchasing a put and call for a security at the same strike price and expiration. The trader will profit should the price move a long way in either direction. A long strangle is similar, except that the options have different strike prices. 

Use: Allows a trader to profit if a security moves, the only potential loss is the price of the options. This is a strategy for volatile markets, in that a trader might expect a big move, but is unsure of the direction.   

Source: Options, Futures, And Other Derivatives

Prepayment risk

Definition: Prepayment risk comes from the possibility of an early, unscheduled return of the principal of a bond or other fixed income security, usually a mortgage-backed security.

Use: Fixed income securities are used to provide a steady cash flow, should the principal be paid early it could cause problems in the future. This is a particular risk for mortgage backed securities. 

Source: Investopedia

Reinvestment risk

Reinvestment risk

Federal Reserve Bank of St. Louis

The federal funds rate target has never been lower, indicating that commercial interest rates are at their lowest levels ever.

Definition: Reinvestment risk stems from the possibility that payments from an investment, usually a bond, occur when market rates are low.   

Use: This is a particular risk for pension funds that have a required rate of return. Should an investment end early, they may be unable to find a suitably high rate elsewhere. This risk is particularly high when interest rates are falling.  

Source: Investopedia



Read more: http://www.businessinsider.com/16-words-that-will-make-you-sound-like-a-wall-street-hotshot-2012-7?op=1#ixzz36p90nQle

Posted by Johns Shin
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