Transparent Bundles Part IV

What is the value of a relationship? It probably doesn’t come as a surprise to anybody reading this that most large investment banks have proprietary trading desks, which buy and sell different investment instruments to generate earnings for the banks. Although the banks don’t generally break out the specifics, the overall results are impressive. In […]

Transparent Bundles Part IV

What is the value of a relationship? It probably doesn’t come as a surprise to anybody reading this that most large investment banks have proprietary trading desks, which buy and sell different investment instruments to generate earnings for the banks. Although the banks don’t generally break out the specifics, the overall results are impressive. In […]

Transparent Bundles Part III

How is research distributed? Is it embedded in the trade solicitation? Or is the idea distinct from how it may get traded? Why is this important to begin with? I would argue that the essential value of wall street lies in the location of where the buy side accepts external ideas as a part of […]

Transparent Bundles Part III

How is research distributed? Is it embedded in the trade solicitation? Or is the idea distinct from how it may get traded? Why is this important to begin with? I would argue that the essential value of wall street lies in the location of where the buy side accepts external ideas as a part of […]