Posts written by Patrick Lothian

“When your crystal ball gets foggy, your two greatest assets will be your humility and your flexibility.”

“Personally, I see it as our industry undergoing a new technological reformation, and I think it’s as significant as moving from the trading pits to matching engines.”

“Ask yourself if you’d be interested in an operations or compliance job. Because that gives you a foundation to help you excel.”

“It’s a strategy that makes money over time, but actually makes a lot of money when the world blows up.”

“Ultimately I think that anyone who believes in fairness, or believes that people should compete on the merits of their ideas and hard work rather than advantages that they have purchased, can appreciate why IEX was created and why it has succeeded so far.”

“Having the chance to be on the front lines working with the markets is an invaluable experience no matter what you do in the industry, no matter where you end up or what path you take.”

“Fintech is an incredibly broad term. It means the ATM you’re using in a bodega, but it also means the sophisticated software used to spot fishy behavior in markets.”

“You have a chance, single-handedly, without anyone looking at your resume, to try and change an industry.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Morgan Slade, CEO of CloudQuant, discusses the difficulties most people face when trying to enter high finance.

“It shocks me everyday at five o’clock when I see the race to the elevator, as if only the first few will make it out of the building. Just because you have to work till five at the beginning of your career, doesn't mean you can only work till five.” In this video...

“There will always be someone as smart or smarter than you and you have no control over that. The only thing you have control over is whether you have more drive, more passion than others.”

“The whole point of Reg NMS was to deal with the 10 years of change that had already happened — that of course made things even more complex. And there are things about Regulation NMS that we’re dealing with today that some people find problematic. But it is not a new thing and it’s just another block in what I like to call the Jenga tower of market structure.”

“Don’t let the perfect be the enemy of the good, and remember to apply ‘the grandma test.'”

“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.”

Over the last 10 years the buy and sell sides have undergone drastic shifts due to two main factors: unbundling and fragmentation. In this talk from MarketsWiki Education’s London event, Steve Woodyatt, CEO of Datarwe, discusses those two phenomena.