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I hope I didn't give the impression that banks are the victims here. The situation most fixed income departnents are in is entirely their own fault because they
by jim_greco 12y ago
I hope I didn't give the impression that banks are the victims here. The situation most fixed income departnents are in is entirely their own fault because they haven't invested in their people or technology. Heck, most don't even talk to their equities departments about how they adapted 15 years ago.
- antr 12y ago> Heck, most don't even talk to their equities departments about how they adapted 15 years ago. I'm curious to know who you are referring too here. As far as I'm concerned, FI desks have always been more forward thinking than equities, both asset managers and FI brokerage houses.
- jim_greco 12y agoDefinitely not among banks. The FI tech is stuck in the stone age.