Cross-Asset Dreams Deferred No More
BEFORE THE SPIN
It will come as no surprise to some of you that, technologically, cross-asset trading is much closer to becoming a reality. It is an old dream, of course. But, with the great build-up during the '90s of separate trading islands with their accommodating technologies, it should also be no surprise that fiefdoms have sprouted up and have clung to the enterprise like barnacles. It's these fiefdoms that are holding back the dream.
As this week's story about HSBC's ambitious cross-asset plan shows
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