Still think that you’ve got time to get ready for the internet? Still sure that you’ve got a few quarters of easy revenues to make?
If you’re an investment banker, you’d be wrong. And for the proof look to the credit derivatives market. This is one of the youngest, least commoditized markets in the business. It’s not like US treasuries which has been a loss-leader for most firms for years and where systems such as TradeWeb cut back on costs.
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