A trading floor is the classic “open office” environment. My professional focus means that I work on the noisy ones where spoken conversation still plays a key role in the transaction process. It’s an established model, but is it optimal?
Last week the “Password Guru” Bill Burr admitted that he had “got it completely wrong” in his 2003 Password Bible. Our CEO, Greg Collins, was quick to remind everyone that his views on the issue had been clear from the outset.
Greg Collins explains why any potential relaxing of regulations is unlikely to affect the increasing requirements for trade reconstruction and outlines his vision of what the viable solution will look like.
When the Brexit decision came in on 24th June last year the City of London’s reaction was largely pragmatic. Nobody knew what the revised EU relationship would look like, although most agreed that some level of employee relocation would take place.
Blockchain looks set to become a disruptive technology in financial services. At least, the potential has been verified now that a clear demarcation has been drawn between Blockchain – a programmable distributed trust infrastructure, and Bitcoin, a tainted virtual currency.
Last week the CME (Chicago Mercantile Exchange) announced the forthcoming closure of most of its futures pits. Its options pits will keep trading due to the higher complexity of the trades but the “open-outcry” pit is in terminal decline.