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TABLE OF CONTENTS
Top Trading Cities
June/July 2008

trader june july cover 120x145
Globe Trot
From the Midwest to the Middle East: presenting our second annual ranking of the World's Best Trading Cities.

Not Your Father's Financial District
Arriving at settlement with Lower Manhattan's makeover.

The Jimmy Wales Experience
Embracing the financial-market leanings that led him to launch Wikipedia, former Chicago options trader Jimmy Wales tries to take an Internet phenomenon into the black.
Open

Hot News, Gossip and Industry Dish
Insider Info
By Rich Blake , Michael Martin , Chris Gillick | Page 20
> read more

Pony Boys
Who Knew?
By David Perry | Page 28
The dynamic Trading duo behind the Belmont Stakes. > read more

His Brother's Keeper
My Charity
By David Perry | Page 30
Tullett Prebon's John Lugano celebrates his late sibling's life and legacy. > read more

Trading Jacket
Tunes
By Chris R. Morgan | Page 30
Southern-fried rock to suit any post-close mood. > read more

Going Public
Doctor's Orders
By David Perry | Page 34
The great outdoors: the cure for the common workout? > read more

Other People's Money
Reads
By Michael Martin | Page 34
A field guide to the care and feeding of the fabulously wealthy. > read more

High/Low

Automatic Rifles
Performance
By Rich Blake , Chris Gillick | Page 38
With algo wizardry and relentless sales, Credit Suisse's Dan Mathisson and Manny Santayana lead trading's arms race. > read more

Speed ­Merchant
The Ask
By Chris Gillick | Page 42
Presiding over one of the fastest platforms in the business, Lime's Mark Gorton is taking his quant edge to new limits. > read more

Shell Game
The Trade
By Jonathan Hoenig | Page 46
In the burgeoning realm of SPACs, the worlds of private equity and securities trading collide -- and major opportunities abound. Exploring the allure of the "blank check" bet. > read more

The Wisdom of Steinberg
Market Makers
By Michael Martin | Page 50
Aided by two industry legends, ­Jonathan Steinberg transformed an ailing publishing business into an ETF juggernaut. > read more

Special Situations
The Card Shark
By Johnny Chan | Page 54
Every so often, when there's a patsy at the table or a no-brainer in the markets, a mere week's work can make your year. > read more

Vision Quest
The Trading Edge
By Ari Kiev | Page 56
Resources and skill can take you far. But to reach your maximum potential, you need a long-term strategy. > read more

The Cayne Mutiny
The Beat of the Street
By Charles Gasparino | Page 58
Bear Stearns's Jimmy Cayne was a living legend. Now his firm is on the brink of permanent hibernation. Where did he go wrong? > read more

Directions

Globe Trot
By Chris Gillick , Scott Eden , Michael Martin , Leah McGrath Goodman | Page 65
From the Midwest to the Middle East: presenting our second annual ranking of the World's Best Trading Cities. > read more

Not Your Father's Financial District
By Jeff Heilman | Page 78
The canyons of Wall Street are lined with condos. Dog walkers on strolls outnumber hung-over clerks on cigarette breaks. Gilded-Age moneymaking monoliths now house spas, sushi joints and luxury retailers. What happened? Arriving at settlement with Lower Manhattan's makeover. > read more

The Rising
By Jeff Heilman | Page 82
From the ruins of that ­unthinkable day comes, at long last, a rebirth. > read more

Redistricting
By Jeff Heilman | Page 83
The Financial District is in the midst of a wholesale transformation. We've mapped out some of the most emblematic shifts. > read more

The New Boys' Club
By Judie Hurtado | Page 84
Spa-frequenting Street denizens go long beautification. > read more

Tops in the Bottom
By Jeff Heilman | Page 85
A guide to some of the best Lower Manhattan has to offer. > read more

The Jimmy Wales Experience
Life After Trading
By Scott Eden | Page 86
Embracing the financial-market leanings that led him to launch Wikipedia, former Chicago options trader Jimmy Wales tries to take an Internet phenomenon into the black. > read more

Wikipedia 2.0
By Scott Eden | Page 90
How Jimmy Wales plans to extract profits from his information supercommune. > read more

Rooms With a View
By Teri Buhl , Eric Capper , Hilary Lewis , Chris R. Morgan , Cristina Velocci | Page 94
Private spas? Personal cinemas? Opulent safaris? A basketball court...in your room? Yes, when the trading man travels, he does so in style -- and with a degree of indulgence that others might find, well, indulgent. Still, check into these international luxury digs, and you'll know you've truly arrived. > read more

Exile on Wall Street
By Nick Kolakowski | Page 102
When the market is hitting bottom (and beginning to dig), it takes some skill to walk away from the fray looking not only unbeaten and unbowed, but downright, positively stylish. > read more

Close

Borough Haul
Home Equity
By Cristina Velocci | Page 110
Sure, Lower Manhattan is finally gaining traction as a big mover in the residential real-estate market, but across the river, more than just a tree is growing in Brooklyn. > read more

Two-Timers
Watch List
By Carol Besler | Page 116
Because in these hours of great financial uncertainty, it's nice to know what time it is somewhere else. > read more

Exotic Derivative
Wheels
By Glenn Derene , Eric Capper | Page 118
When is a $47,000 Corvette not a Corvette? When it's a souped-up, 600-horsepower, 200-mph Callaway 'Vette. Let the senselessly risky road show begin! > read more

Stable Platform
Gadgets
By Jonathan Lesser | Page 122
The golf shoe already good enough for the most exacting man in the game has just gotten better. > read more

Big Props
High Flyer
By Robert Goyer | Page 124
Behold the magical, multitasking, new and improved Next Generation Pilatus PC-12 turboprop. > read more

Crush Spread
Liquidity
By Anthony Giglio , Chris R. Morgan | Page 126
Brunello di Montalcino is the highest-priced, most famous vino rosso in Tuscany -- and these are the finest of its highly liquid 2003 vintage. > read more

Fool's Gold!
Back Issue
| Page 128
We scoured the Trader Monthly "archives" to unearth this 1849 issue -- and excerpted just a few of its many timeless insights. > read more

Scan

Previously » April/May 2008

More recently » September 2008

Current » September 2008