FT questioning what the investment banking industry will look like once the credit crisis has passed, in particular whether big name "stand alone" investment banks can continue to prosper when faced with competition from broader based institutions with a strong retail base:
http://www.ft.com/cms/s/0/80b3cbac-24ff-11dd-a14a-000077b07658.html…
Interesting article on Euro taking over as the world’s benchmark currency, building on history of Dollar taking over from UK Sterling:
http://www.ft.com/cms/s/0/b6e75060-24f8-11dd-a14a-000077b07658.html…
Long (!) timeline summary for sub-prime losses on bbc news at:
http://news.bbc.co.uk/1/hi/business/7096845.stm…
FT pointed out interesting academic research on how the risk appetite of hedge fund managers seemingly changes in accordance with how close they are to the previous high of the fund: just short and they take more risk; way below they take less risk to limit losses; and well above the previous high they again take less risk.…
Interesting article on Sun’s $1billion acquisition of MySQL and how it may affect Oracle and SQL Server:
http://www.sqlmag.com/Articles/ArticleID/98951/98951.html?Ad=1…
Went along with a client to the restaurant at Hotel Costes in Paris last week – great food and great atmosphere – if the evening is fine make sure to eat outside in the courtyard area. Phone number for booking at www.hotelcostes.com…
We exhibited at the TradeTech Paris event last week – this is a mainly equities/trade execution event and as such most of the speakers were playing the waiting game and not saying much. Everyone seems to want to see more of the new trading venues come on line before they put out any opinions of substance.…
The supercomputer continues to make a come-back – just up on Finextra with TD Bank testing IBM’s Blue Gene supercomputers to amalgamate and analyse real-time structured and unstructured data:
http://www.finextra.com/fullstory.asp?id=18293…
Just been reading a report on latency from Inside Market Data – main thing that hit me about the vendor discussions in the report is that they seem to be finding it more and more difficult to differentiate their offerings (aka: come up with much new/interesting to say) when talking about latency and approaching "light speed" physical limits on speed of communication.…
…is the OTC derivatives market – still a lot to be done according to Finextra report and letter from the Fed:
http://www.finextra.com/fullstory.asp?id=18285…
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