If I had the ability to frontrun my clients trades, I could be a genius too.
If Goldman doesn’t fry over this frontrunning scandal, then it will destroy the market.
Doesn’t take a genius to make money trading on stocks you know are either going to go up or go down.
It was clear as day that all the banks would turn in trading profits once the corporate bond market bottomed late last year. But Goldman blew the doors off on how well they traded it.
And it isn't once. It is all the time, for a decade.
If they only made money by hurting their clients they'd have no clients. It is a lie and a smear.
And no, the market isn't going to be destroyed, by Goldman or by anything else.
Do you have evidence that Goldman is frontrunning, or are you just doing your best to slander them?
Goldman is over a hundred years old and has one of the best reputations on the Street. If they were found to be frontrunning, their clients would dump them en masse and their reputation would be destroyed. They’re not about to take that risk for a few billion in trading profits.