Google to open trading room

http://preview.bloomberg.com/news/2010-05-27/google-boosts-its-cash-with-in-house-trading.html

wonder how google types will go along with trader types

tofu soup said:

wonder how google types will go along with trader types

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I should imagine very well, if they pick the right type of trader.

Google started a trading floor to manage its $26.5 billion in cash and short-term investments, Bloomberg Businessweek reports in its May 31 issue.

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why do you have to manage that amount of dosh? They should just split the cash between them all, dissolve the company and buy themselves a place in the sun.

Muppets.

Must be playing that game "who can die with the most cash in the bank"

Adamus said:

why do you have to manage that amount of dosh? They should just split the cash between them all, dissolve the company and buy themselves a place in the sun.

Muppets.

Must be playing that game "who can die with the most cash in the bank"

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Ah, you must be looking for this forum: http://www.korea-dpr.com/forum/

Just a thought: Would Google running what is ostensibly a prop desk breach insider trading regs?

I mean just about everybody in the bloody world (outside china) uses google, but only one desk will have the info...

IIRC MSFT were a victim of their own sucess re: media players, my argument is along the same lines.

Hello !
I am also a new member. Would a newcomer be warmly welcome here? Good day you guy !

MrGecko said:

Just a thought: Would Google running what is ostensibly a prop desk breach insider trading regs?

I mean just about everybody in the bloody world (outside china) uses google, but only one desk will have the info...

IIRC MSFT were a victim of their own sucess re: media players, my argument is along the same lines.

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I think they are going more for asset management than trading - Although they could be the ultimate HFT!.. they could write a great news/info reading algo

MrGecko said:

Just a thought: Would Google running what is ostensibly a prop desk breach insider trading regs?

I mean just about everybody in the bloody world (outside china) uses google, but only one desk will have the info...

IIRC MSFT were a victim of their own sucess re: media players, my argument is along the same lines.

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this sounds to me more of a money management account so mainly lending money via securities. it certainloy doesn't sound like hedge fund style. the treasurer said they'd be looking for slow burn stuff, not in and out jobbing.

don't see how this is anything different to in-house management elsewhere.

arabianights said:

Ah, you must be looking for this forum: http://www.korea-dpr.com/forum/

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er.... no. why? is it sunny in korea? or are you talking about the crackpot tyrant Kim Il Sun?

Actually it's just sour grapes that they don't give it all to me. can't see anything wrong with that idea.

but seriously i can't see google being good at trading. all their employees are used to having a day off every week to work on their own stuff (so these google traders would be off trading their own accounts - front running big forex orders etc)

plus their offices are equipped with 'sleep pods' where you can have your after-lunch siesta, plus you don't walk anywhere at google, you have to go down a fireman's pole or zip around on a segway, and of course you have to be so good at coding that you're probably not much use at anything else.