Thursday, April 16, 2009
vanishing quant desks and implications of the liquidity problem
UPDATE: merrill follows zero hedge.
UPDATE: and more on the quants and yet more from the prolific tyler durden. he also points at a warning from NYSE euronext CEO duncan niederauer.
i also bumped this post up chronologically from its original april 12 date. this calls for further reflection.
UPDATE: and more chatter, with durden pointing up scary activity in t-bills and money markets -- ABCP rates are vaulting while risk-free yields crash. there is clearly massive capital movement out of risk over the last few days.