Waters Wrap: Where have all the (data) cowboys gone?

Industry veterans says there’s a dearth of market data management talent in the lower ranks. Following Max Bowie’s coverage, Anthony explores some other reasons for this brain drain.

If you’re like me, when you hear the word “cowboy,” you likely think of Clint Eastwood in The Good, the Bad and the Ugly or Unforgiven; John Wayne and Jimmy Stewart in The Man Who Shot Liberty Valance; or Gary Cooper in High Noon. In Wall Street parlance, these are the front-office traders and portfolio managers.

But a real cowboy is someone who herds and tends to cattle. The reality is not quite as sexy as Paul Newman and Robert Redford single-handedly taking on the entire Bolivian Army, but

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