Responsibility is Key for Esler

IMD EUROPE 2004 REVIEW

Peter Esler, managing director at Bear Stearns, presented the morning keynote address at the conference. His speech—The New Capital Markets Driving Information Technology—focused on the theme of shared responsibility. Esler discussed the major challenges facing market data providers, changes in trading infrastructure requirements and regulation. The following are excerpts from his address.

"…A failure to stay abreast of the structural changes in the marketplace with its consequential cause an

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