Wednesday, March 18, 2015

Outsourcing: Trading places.

Outsourcing: Trading places: Recruiting traders from around the world with less expensive offices and a hunger to learn.

 "Supplied with Bloomberg terminals, stacks of analyst research, biryani and foreign capital, he and fellow young traders — graduates of the best Indian universities — learnt to decipher Federal Reserve statements and US oil inventory reports published 8,500 miles away in Washington. They watched from afar as Lehman Brothers failed, then coolly traded through the aftermath. One of Mr Mishra’s colleagues made so much money shorting crude oil in 2008 that he bought a string of flats around Bangalore."

'via Blog this'

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