David Easthope
David Easthope
acting becomes elsewhere execute focus funds orders prop seeing street wall
Already, you're seeing some of these prop desks acting as if they were a hedge fund. And the hedge funds will go elsewhere to execute orders if that becomes the focus for the Wall Street firms.
affect best call cycle definitely events exchanges feed investor sure technology
These events are definitely a wake-up call for the exchanges to make sure their technology is the best it can be. These kind of things can really feed a cycle that can affect investor confidence.
cyclical economy markets morgan profits reaching reliance risk stanley trading
You look at Morgan Stanley and its peers, you see a lot of reliance on their proprietary trading desks and a willingness to take on more risk. If the markets are reaching a cyclical peak, which I think they are, profits are at risk when the economy slows down.