Something against you
It's a small world that we live in, and occasionally
it's an incestuous one (metaphorically speaking of course).
Rather less occasionally it is also startlingly reminiscent of
the school playground - to the extent that, when a couple of
the big boys get into a punch-up, one immediately begins to
wonder what caused it and who else was involved. So with the
fallout from TT's lawsuit against Espeed still filling the
derivatives world with an unseemly stench, I wouldn't be the
first to ask, 'why Espeed?' Did Howard Lutnick steal Harris
Brumfield's lunch money? Perhaps some other ISV promised to
invite all of TT to its birthday party (with jelly and ice
cream) if they left them alone? On the other hand, plenty of
playground fights start after someone's big brother got in a
row with someone else's best mate. Not that I want to imply
anything here, but I couldn't help but recall that TT signed a
deal earlier this year with Icap. That's the same inter-dealer
broker Icap which counts amongst its leading competitors the
inter-dealer broker Cantor Fitzgerald. And that's the same
inter-dealer broker Cantor Fitzgerald that is the parent
company of technology outfit Espeed. It's like the six degrees
of separation this, isn't it? Make the circle big enough and
you can connect anyone to anything. Come to think of it, I
would like to know the whereabouts of everyone in this industry
on 22 November 1963, specifically anyone who might have been on
a 'business trip' to Dallas. Trust no-one.
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