Goldman traders are the best on the Street

Posted Nov 5th 2009 3:10PM by Connie Madon
Filed under: Earnings Reports, Management, Competitive Strategy, Market Matters, Money and Finance Today

They are the masters of the game. Who are they? They are the traders at Goldman Sachs.

Why is Goldman Sachs Co. (NYSE: GS) the best? Take a look at the record. Goldman traders had one loss in the third quarter. They had a string of 36 $100 million days out of 65 trading days. These figures were down slightly when Goldman had 46 $100 million trades in the second quarter.

Goldman had fewer $100 million days in the third quarter due to higher margin requirements. Nevertheless, Goldman had profits of $2 billion in the third quarter, up from $1 billion in the previous quarter.

In addition, Goldman increased profits in equities by 25% to $3.4 billion.

Goldman is a primary dealer for the Federal Reserve, and it was able to time Fed purchases of government debt a subsequent Treasury debt sales. Their trading involved beating the relationship between Treasury bonds and other fixed income securities would normalize.

Hats off to Goldman traders!

Tags: Goldman Sachs trading, GoldmanSachsTrading, gs, inthenews

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Reader Comments (Page 1 of 1)

11-05-2009 @ 3:30PM

Jim Davis said...

Madoff had a nice streak going there too. I guess you would have been impressed there too.

If you had the inside information GS does, you'd also 'never lose'