Organizational Transformation in the Financial Sector Due to HFT

"The rapid-fire growth of high-frequency trading, HFT, has spawned a new breed of market mavens whose backgrounds are far different than the traditional suit-clad Wall Street titans.  Their resumes are rich in rocket science and other non-financial fields and they may never have traded a stock, read an earnings report or scrutinized a balance sheet.  They are engineers, mathematicians and computer scientists—armed with cutting-edge technology and often located hundreds of miles from New York City."

Mr. Dharm Kapadia forwards an excellent article on a trend that is rapidly becoming mainstream in the financial sector holistically, see "Man Vs. Machine: The New Kings Of Wall Street" at CNBC here.  Please see my previous post on high frequency trading "Dis-ruptive Innovations - Technology in Retail Investment Sector" here.

China replaces Germany to become world's largest exporter

Via Tony Tsai - "China replaces Germany to become world's largest exporter; US experts: Chinese companies are not powerful on their own:  China has replaced Germany to become the world's largest exporter in 2009, according to a Wall Street Journal report citing data from Global Trade Information Services. Scott Kennedy, a China expert and political scientist at Indiana University, says that the high volume of China's exports "is not speaking to how important and powerful Chinese companies are on their own" because 60% of China's exports were generated from foreign-controlled enterprises. [ifeng.com, 2010.01.06]"