Tag: business model

Focus on Mitigation Rather Than Elimination

Watching the first installment of the History Channel’s The Men who Build America series earlier this week, started me to think about today’s market structure and how it deals with dislocations. All of today’s market regulation came about to prevent would-be magnates from manipulating the markets and creating their own monopolies like Cornelius Vanderbilt and John…

Exchanges are Large Enough

It is curious how the financial markets can mirror nature.Nature has a way of capping the growth of a species so that it does notoutstrip the available resources in its ecosystem. After the European Unionofficials decided not to approve the proposed Deutsche Börse-NYSE Euronextmerger last week, NYSE Euronext CEO Duncan Niederauer went on the recordstating…