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Day trader says he made $34m during market panic Monday

Trading Places

While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34m.

Global equity funds witness biggest-ever exodus

Globe

Investors yanked $29.5 billion out of global equity funds in the week that ended Aug 26, the biggest single-week outflow on record as markets around the world over went into meltdown mode, according to data from Citi.

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Trading Places

Day trader says he made $34m during market panic Monday

While a lot of investors were hitting the panic button Monday, a Japanese day trader who’d made a big bet against the market timed the bottom almost perfectly and narrated a play-by-play of the trade to his 40,000 Twitter followers. He claims to have walked away with $34m.

Michael Lewis - Flash Boys

'Flash Boys' lawsuits thrown out

Michael Lewis may have spelled out the supposed menace of high-frequency trading in his bestseller “Flash Boys.” What he didn’t do is provide a basis for investors to sue stock exchanges or banks.

HSBC Canary Wharf corner

Ex-HSBC trader sues over unfair dismissal

Former HSBC foreign-exchange trader Serge Sarramegna sued the bank after he was dismissed amid a global probe into currency rigging, adding to a host of claims that have emerged from the investigation.

Wall Street sign

Wall Street firms losing talent

Wall Street firms have been bleeding talent to hedge funds, buyout firms and technology companies. Now they’re facing another predator: smaller banks in states like Ohio and Rhode Island.

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