In these dog days of summer, there's nothing better than a long lunch spent with friends pondering what might have been in this wacky industry of ours. With New York almost as closed as Paris last week, I have to confess I indulged.

It's at these lunches that you come across all kinds of snippets. Indeed, I've often meandered back to the office muttering vague plans for a Market Data Trivial Pursuit game to liven up dinner parties in the winter.

Last week, a friend and I pondered for some time

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