Goldman Sachs Group Inc., whose three top executives began their careers at the firm in the commodity-trading unit, is poised to gain market share as pressure from regulators drives competitors to scale back.
Greenlight Capital Inc.’s David Einhorn invested in IEX Group Inc., a five-month-old trading platform designed to address perceived flaws in the U.S. stock market, according to CBS Corp.’s “60 Minutes.”
The most important rules governing high-speed electronic trading weren’t written by market regulators, New York’s attorney general or a computer whiz. They were formulated a century ago when Albert Einstein figured out nothing could travel faster than light.
Michael Ovitz, the former Hollywood agent whose company was said to have created enemies “the way a hurricane produces raindrops,” first met Gary Cohn over lunch at Goldman Sachs Group Inc.’s headquarters in June 2009.