Why is the tech used at banks and funds bad?Subscribe
I'm not talking about the excel model built by a room full of quants wearing propeller hats, or that algo quietly churning out money in the background until it breaks and loses 2 years of pnl in a millisecond.
I'm talking about the day-to-day tools... Bloomberg is old as shit and IB looks like something your grandmother would use. Symphony is a bit more modern but let's be honest, if you use Symphony you're mid or back office. Everything else is built in excel for trading and powerpoint for sales. I actually saw a dinosaur of an MD oooh and aaah when cloud9 was installed on his computer 5 years ago... mfer that's voip with a button board.
Anyway, what's the oldest dinosaur shit you guys have seen on your desk? There's no vol in the mkts and I'm bored out of my skull.......