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Transcripts For BLOOMBERG Lunch Money 20140402

I am serious. Everyone is talking about the changing times on wall street. Goldman sachs looking to sell its New York Stock Exchange Market Making unit. Dutch Investment Firm imc Financial Markets is in talks to buy the business. Goldman bought the operations into thousands as part of a purchase. 5. 4 billion dollars, goldman paid for that trading unit in 2000. Goldman is now selling it for as much as 30 million. Do you get that . Five point 4 billion, 30 million. To be fair, goldman made money off that investment over the last 14 years. Earning over those 14 years, at that price you are looking at a 99. 4 longterm capital loss. This points to a bigger story, this is what the New York Stock Exchange floor looks like today. There are humans, but there are a lot more computers. It was not always this way. This is back in the 1920s. Almost one hundred years ago, that is old school. Fastforward to the 1950s, kind of new school. Today there are more than. 5 million miles of telephone wires

Transcripts For BLOOMBERG Lunch Money 20140402

Bloomberg exclusive. Innovating the road race. I am serious. Everyone is talking about the changing times on wall street. Goldman sachs looking to sell its New York Stock Exchange Market Making unit. Such Investment Firm imc Financial Markets is in talks to buy the business. Bought the operations into thousands as part of a purchase. 5. 4 billion dollars, goldman paid for that trading unit in 2000. Goldman is now selling it for as much as 30 million. Do you get that . Five point 4 billion, 30 million. To be fair, goldman made money off that investment over the last 14 years. Earning over those 14 years, at that price you are looking at a 99. 4 longterm capital loss. This points to a bigger story, this is what the New York Stock Exchange floor looks like today. There are humans, but there are a lot more computers. It was not always this way. This is back in the 1920s. Almost one hundred years ago, that is old school. Fastforward to the 1950s, kind of new school. Today there are more tha

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