Nothing Good Ever Happens in August

As of Friday's market opening, every investment bank had been hit—and hit hard. Of course, this means that most technologists can throw their 2008 IT budgets into the trash can and start from scratch as banks slash budgets to make up for their loses.

Spending on the Markets in Financial Instruments Directive (Mifid) won't go away, but almost everything else on the balance sheet will need to be re-evaluated. Projects related to electronic trading in fixed income probably can be put off as the

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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