Origin
Before the sixties or seventies, the banks' capital market businesses were mostly split into many departments, sometimes scattered at several sites, as market segments: money market (domestic and currencies), foreign exchange, long-term financing, exchange, bond market. By gathering these teams to a single site, banks want to ease:
- a more efficient broadcast of market information, for greater reactivity of traders;
- idea confrontation on market trends and opportunities;
- desk co-ordination towards customers.
Read more about this topic: Trading Room
Famous quotes containing the word origin:
“Each structure and institution here was so primitive that you could at once refer it to its source; but our buildings commonly suggest neither their origin nor their purpose.”
—Henry David Thoreau (1817–1862)
“All good poetry is the spontaneous overflow of powerful feelings: it takes its origin from emotion recollected in tranquillity.”
—William Wordsworth (1770–1850)
“There are certain books in the world which every searcher for truth must know: the Bible, the Critique of Pure Reason, the Origin of Species, and Karl Marx’s Capital.”
—W.E.B. (William Edward Burghardt)