How hard can it be to capture a 50 cent move in crude oil with a one-lot for a $500 profit throughout the course of a trading session? It sounds so easy. But, one of the major issues traders encounter is one of the seven deadly sins — GREED.
Knight Capital Group Inc., one of the largest U.S. market makers, shut down trading of equities today after backup power failed at its headquarters in Jersey City, New Jersey, amid a blackout following Hurricane Sandy.
E*Trade Financial Corp., a brokerage that came under pressure from its biggest shareholder to seek buyers, said Chief Executive Officer Steven J. Freiberg has left the company and its board is looking for a new leader.