The debate on how to set/define Libor continues:
FX volumes grow from $99,000bn in 2007 from $71,000bn in 2006 – growth driven by automated trading, cheaper execution leading to more and more participants. How fluid can the market become? Article link:
More benchmarking/testing of models needed by Moody’s below – begs the question though whether other ratings agencies may have any similar issues given that many institutions require two agencies to rate a security:
Partner announcement on Finextra with Vhayu and Streambase coming together:
Defining what vendors mean by a "Data Management System" is difficult enough for clients, but in the area of the somewhat fuzzy technology definitions around automated trading it is interesting to see Streambase clarify their offering around CEP (and not database too, which was one of their first messages around bringing real-time and historic data together), and that Vhayu seems to be emphasising its tick database capabilities (and de-emphasising its original perception in the market as a CEP vendor).…
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:
Interesting article on Euro taking over as the world’s benchmark currency, building on history of Dollar taking over from UK Sterling:
Long (!) timeline summary for sub-prime losses on bbc news at:
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:
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…
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