Sterling closes

August 28, 2009

The UK’s debt management office publishes closing prices calculated as an average of Gilt dealer prices here. One application of the prices is dealer execution of fund manager orders for execution at the close. The dealer and real money manager don’t know what the execution price will be when the order is placed, but that’s not a problem as the fund manager trusts the DMO price.

The Netflix values

August 21, 2009

Picked this one up from ParkParadigm. Anyone who’s experienced the more stifling aspect of bank culture will relate to a lot of it. In particular…

  • Slide 6: the difference between real and declared values
  • Slide 11: listen instead of reacting
  • Slide 48: process focus drives talent out !
  • Slide 60: preventing error is not cheaper than fixing it !