He wanted power plants and a wholesale trading operation to protect his investment from price-cutting regulators.
The company based its entire global trading operation, its major line of business, in Singapore.
Goldman, the most profitable trading operation on the Street, attributes a mere 10% of revenues to proprietary trading.
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The first piece was Sempra Commodities, a small energy trading operation launched at Drexel Burnham Lambert, then acquired by AIG.
In an unorthodox move for an endowment chief, Meyer built a Wall Street-like trading operation and managed most of HMC's money in-house.
His first job at a high-frequency trading operation was as a quantitative research analyst at Citadel, a giant Chicago hedge fund, which he joined in early 2009.
"We found a trading operation that piled on risk, ignored limits on risk-taking, hid losses, dodged oversight and misinformed the public, " said Carl Levin, the subcommittee's chairman.
"We found a trading operation that piled on risk, ignored limits on risk-taking, hid losses, dodged oversight and misinformed the public, " said Carl Levin, the subcommittee chairman, who is a Democrat.
Some people at the firm said Mr. Blankfein seemed insufficiently apologetic, focusing too much on Goldman's role as a trading operation and not enough as a trusted underwriter securities sold to clients.
David Glass ran a day-trading operation called Jasper Capital out of Assent's New York office, and at some point paid an Assent employee to give him access to Tavdy's computer so he could monitor his trading.
In the event, Winters' vocal unhappiness at the governance of the CIO, that it was a discreet trading operation answerable only to Dimon, and whose deployment of the bank's precious capital could not be scrutinised by other senior executives, was one of the reasons he was pushed out of the bank in the summer of 2009.
The better the technology, the better the trading and brokerage operation.
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The huge trading and logistics operation, backed by a savvy business-intelligence unit, has a global presence in a vast array of commodities that far exceeds that of rivals such as Cargill or Trafigura.
The 35-year-old, of Carbis Close, Port Solent, was convicted last month at Portsmouth Crown Court following an 18-month operation by trading standards.
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But history shows that minting developed not as a private-sector attempt to minimise the costs of trading, but as a government operation.
The exchange, whose trading pits were destroyed, was back in operation in Queens six days later.
The operation was led by Caerphilly Borough Council trading standards.
An undercover operation by Devon County Council's trading standards department and Devon and Cornwall Police found that 34% of the off-licences and pubs visited sold alcohol to under 16s.
The council said the farm raid was codenamed Operation Rudolph and involved environmental health and trading standards officers, the Welsh Food Fraud Co-ordination Unit, the Animal Health Veterinary Laboratory Agency and Dyfed-Powys Police.
It put the most valuable assets, like generators, into its trading arm, which was going to be spun off as an independent operation receiving investment, and management, from Goldman.
Blankfein's bond-currency-commodity operation soon was providing more than half of Goldman's booming trading revenue.
The business community, local police, trading standards and Blackpool Borough Council are all involved in the clean-up operation.
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The 68-year-old hedge fund manager is shutting down Pequot Capital amid a lingering investigation into insider trading by the Securities and Exchange Commission that has "cast a cloud" over the operation.
As senior trader for MF Global, Grady runs an operation that executes orders for brokers in gold, silver and copper, as well as trading his own account.
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