However, covering the wholesale banking industry for the past several years, I have to defend the industry a bit when it comes to winding down such a large market like swaps and spinning up a new one in its place. If you look for a political equivalent for what Dodd-Frank aims to do, it would have to be nation building - just replacing the bullets with bucks. It's easy to tear down a complex system that's developed over decades, but developing a replacement to it is not something that can be accomplished overnight.
July 29, 2011
Dodd-Frank: Two Perspectives
July 25, 2011
Hacking the Genome
Okay, this year's summer reading definitely has taken a bit of a tech turn. I'm halfway through Marcus Wohlsen's Biopunk: DIY Scientists Hack the Software of Life. The 209-page book looks at what happens when amateur bio-engineers band together and embrace to open-source movement. I'll be writing more once it when I finish it, but so far it's very interesting.
July 12, 2011
Clouds, Community Clouds or Managed Services?
Our July issue of Waters magazine has been up on our website for a few days now. This month, I looked at the new "community clouds" that are popping up in the financial services space. Major vendors such as NYSE Technologies and Reuters are layering a number of business applications and data set on top of their offering there by moving the user closer to the data rather than moving the data closer to the user. Is it true cloud computing? I'm not sure. Marketers have done a wonderful job muddying the definition.
July 11, 2011
Summer Reading
I just finished Annie Jacobsen's history of the Groom Lake, NV facility known as Area 51 on today's commute into the office. Except for the last chapter, which is definitely a shout-out to the ufologist community, Jacobsen presents a well-researched and documented twin history of post-World War II nuclear testing and airborne reconnaissance programs.
July 1, 2011
The New Face of Global Exchanges?
Is there room for more global exchange operators?
If you take the recent TMX Group and LSE Group, the respective operators of the Toronto Stock Exchange (TSX) and the venerable London Stock Exchange (LSE), the answer appears to be "no."
I wrote this short opinion piece for my day job on the topic.
If you take the recent TMX Group and LSE Group, the respective operators of the Toronto Stock Exchange (TSX) and the venerable London Stock Exchange (LSE), the answer appears to be "no."
I wrote this short opinion piece for my day job on the topic.
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