By Peter Pontikis ‘Foreign exchange,’ ‘Forex’ or ‘FX’ is the home of the inter-bank and wholesale market for exchanging one currency for another and thrives in what is an enormous sea of money. It trades across the globe in over 100 currency pairs in the largest of the world’s financial markets! Institutional FX Basically, Institutional
Firm: Appaloosa ManagementCity: Chatham, New Jersey2008 Age: 502008 Assets Under Management (AUM): $4 Billion David Tepper founded Appaloosa Management in 1993. Tepper graduated from the University of Pittsburgh with a BA in economics and earned an MBA from Carnegie Mellon University’s Business School. Tepper worked for eight years on the high-yield desk at Goldman Sachs
By Martha Stokes, C.M.T. © copyright 2007 all rights reserved. Trading Range Market Conditions require a different approach to trading than a trending, or correction phase market. OF the four sideways trending patterns, the trading range has the widest point range. It also tends to last a much longer time than other sideways patterns. This
David Kyte began his career on the trading floor as a blue button on the London Stock Exchange. He then became a Stock Exchange dealer. The news of the opening of the LIFFE exchange caught Kyte’s interest and he landed a job on the trading floor. Kyte began his career on the floor of LIFFE
Firm: Och-Ziff CapitalCity: New York2008 Age: 472008 Assets Under Management (AUM): $33 Billion Och graduated with a B.S. in finance from the Wharton School of the University of Pennsylvania. Like fellow hedge fund managers Eddie Lampert and Richard Perry – Och worked in the Risk Arbitrage Unit of Goldman Sachs under Robert Rubin. He spent