Archive for July 22nd, 2009

Doesn't $30 Billion In 2009 Commercial Real Estate Losses Seem Low?

The Wall Street Journal is projecting staggering losses for commercial real estate in 2009, but I wonder if the projections are staggering enough.  According to Wei and Tamman at the WSJ: U.S. banks have been charging off soured commercial mortgages at the fastest pace in nearly 20 years, according to an analysis by The Wall Street Journal. At that rate, losses on loans used to finance offices, shopping malls, hotels, apartments and other commercial property could reach about $30 billion by the end of 2009. The losses by regional banks on their commercial real-estate loans will be among the most…
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Aleynikov Backgrounder: 2008 Chippas Interview on Low Latency in Algo Trading

As a result, the spread between bids and asks, and credit spreads is wider. That gives traders more margin, and Goldman, which put more value at risk during the quarter than at any time in its history, was uniquely poised to capture trading gains. [2] The above letters-of-fire was from an MW story posted just yesterday.  Now everyone take a deep breath, because we’re diving deep into the mysterious places where those trading gains get made.  These are the venues where a war for information supremacy is currently being fought, with big bucks the prize, so a breakthrough sensor design…
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