"moneytech" entries

Importance of Innovation in Finance & BarCampBank

“Progress is not the mere correction of evils. Progress is the constant replacing of the best there is with something still better.” -Edward Filene Two years ago, when we were organizing the first BarCampBank in the US, many people found it hard to believe that banks & credit unions could a place for meaningful grassroots innovation. Even crazier was…

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MONEY:TECH 2009 Up and Running

I am happy to announce that the Money:Tech site is up and running. We've been working on the program for a while. We are looking for people in both the Finance and Technology communities to participate, as attendees and presenters. The last Money:Tech was a success and the next one promises even more. Money:Tech 2009, will take place February…

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Equity Research in the Age of Web 2.0

After spending many years on Wall Street watching the buy side (investing institutions) and working with the sell side (investment banks); all I can say is that I am excited with what the future holds. The Internet is quickly becoming 'the' vast store house of data, research and commentary that I hoped it would. If you think the Internet is for message board jockeys, blogs for late nights in pajamas, and social media for dating; you are missing point. If you want to add to your company and industry analysis, as well as, your investment process, you need to be an interactive user of the Internet.

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New Release 2.0 on Money 2.0

One year ago, we published an issue of Release 2.0 entitled "When Markets Collide" (download a PDF), in which we considered what Wall Street and Web 2.0 might have to teach one another. Quite a bit, it turned out: the key parallels we uncovered include latency (both have to do their jobs more or less instantly), connectivity (it's the liquidity…

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The iPhone wins friends and influences people

At O'Reilly conferences like this week's Money:Tech, where businesspeople outnumber developers, the tool of choice to enable continuous partial attention is a mobile device, not a laptop. To my surprise, roughly 80% of my Money:Tech rowmates had iPhones in hand. I expected New Yorkers to be a Blackberry crowd, but it looks like Tim was on to something when…

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Reuters CEO sees "semantic web" in its future

At Money:Tech yesterday, I did an on-stage interview with Devin Wenig, the charismatic CEO-to-be of Reuters (following the still-not completed merger with Thomson). Devin highlighted what he considers two big trends hitting financial (and other professional) data:The impact of consumer media on professional media. As young people who grew up on the web hit the trading floor, they aren't going…

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Money:Tech Day 2: Best Lines of the Day [MoneyTech]

Like yesterday, the second day of Money:Tech was stuffed with early signals on everything from using website visits to predict the unemployment rate to the emerging market for catastrophe bonds. Here are just a few of the choice lines today: Michael Stonebraker, Streambase, on why fast-moving financial firms must keep their data in memory, not on a hard disc: "The…

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Money:Tech Day 1: Best Lines [MoneyTech]

There's so much going on at Money:Tech today that I won't try to cheapen it my squeezing it all into a blog post. Indeed, we're planning a full issue of Release 2.0 in April to capture how much has happened in the collision of Wall Street and Web 2.0 since we first identified it last year (PDF link to issue,…

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LinkedIn Announces New Research Platform

At the Money:Tech conference, Mike Gamson of LinkedIn announced their new line of business to provide primary research services to financial markets, the LinkedIn Research Network. While the service isn't going live for several months, Mike outlined the core of the value proposition, which I could sum up as a Web 2.0 version of the Gerson-Lehman Group's expert network. Gerson…

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Jim Cramer, unplugged [MoneyTech]

Those who know Jim Cramer only from the final segment on his nightly CNBC screamfest are missing someone as reasonable as he is entertaining. That more balanced Cramer spoke with Money:Tech conference chair Paul Kedrosky this morning about how technology has changed investing. Kedrosky noted that, compared to 20 years ago, "we're all quants today" because we have so much…

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