Exact(24)
Maybe their retrenchment has indeed made markets riskier.
Although Enron made markets in it, fibre-optic backbone is not really a fungible commodity.
A study by the Federal Reserve Bank of Cleveland showed that hedge funds generally made markets more stable.
Combined with new technology and financial innovation, this should have made markets more efficient at disciplining economic performance.
The problem, he argues, is that this wizardry has made markets more crisis-prone, not less so.
They have complained that on the Nasdaq in particular, brokers who made markets could sell short too easily.
Similar(36)
Soon they developed their own sense of how wine ought to be made, marketed and consumed.
Mr Engle's high-powered maths has made market risk easier to forecast.
Soon after, the phone records indicate, Galleon funds made market-winning trades worth millions of dollars.
The group also made marketing information to promote Norwegian underground technology internationally.
BATS … Making Markets Better.
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