Chris and I came from the same company, and we were both equally dissatisfied with the kind of body shop work that we were doing at our last client. We both struck out simultaneously to find a place where we could do meaningful work. We landed in very similar positions at two of the largest investment banks in the world.
Funnier still is that we share almost the same technology stack, from front to back. I am sure that right after the conference call that we have with our market data infrastructure vendor, Chris is on the same call an hour later.
Craig mentions that there are only about 200 market data specialists in the whole world. Everyone probably knows what eachother is doing. The same thing goes on in Wall Street, and by extension, the City. The after-bonus-shuffle will take place in another 4 months, and it's an opportunity for every company to find out what every other company is doing.
When you come down to it, we all have very similar technology stacks. We all know which vendors are out there, and we all have done the same kind of performance and stressing comparisons between similar vendors. The goal is to squeeze that one extra millisecond of performance so that your order is hit before your competitor's order. It could be the difference of one extra 'lock' in a piece of code. It will be a race to recruit the Joe Duffy's and Rico Mariani's of the world. All of the IBs will need to recognize the need for these kind of people, and adapt themselves so that these people will not feel stiffled within a Wall Street environment.
©2006 Marc Adler - All Rights Reserved