Filling the Void: Buy Side Steps into Shadow Banking

It unfolds like falling dominos: A housing bubble bursts. A recession hits. Small banks fail. Large banks merge. Once-reputable investment firms are felled virtually overnight. The recession—now teetering on a depression—spreads to Europe. One of the countries hardest hit is Italy, where the credit freeze strangles loans to small businesses like pizza shops and construction companies. Enter organized crime.

According to a report in The Independent in June 2010, as the global recession spread to

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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