Inevitable has arrived on Mumbai Shores
Context :
Bond Street: Fastest-Finger-First On Bond Street: Large Investors Alert Sebi / 22 July 2022
Extract :
A few of these high-speed traders who are outwitting the traditional debt investors, like bond houses, asset managers, insurers and retirement funds, are suspected to be using specialised software to grab securities in what’s largely a ‘fastest-finger-first’ contest.
In a volatile market when prices improve, they sell down the cornered papers almost immediately to make quick money.
Large bond investors have told the Securities and Exchange Board of India (Sebi) that some of the players are gaming the electronic bidding system to snatch deals within less than a second of the opening of the issue.
MY TAKE :
Ø A Matter of Time………………………………………………[ 03 Jan 2017 ]
Extract :
Yesterday's Proverb : Necessity is the Mother of Invention
Today's Mantra : Competition is the Mother of Innovation
So, just wait to find out which Mobile Wallet comes up with the following " innovations " FIRST :
* All bank accounts of a person ( in different banks ) become inter- operable / fungible, through seamless
interlinking , using Aadhar / UPI Interface in a Mobile Wallet
No need to " select " a particular bank name
* All transactions using a Mobile Wallet, automatically entered in BLOCK-CHAIN database commonly shared by
ALL banks
* Wallet based algorithm will move funds across different bank accounts for best yield , constantly
searching for best interest rates offered by banks on Fixed Deposits
This will happen automatically, much like algorithm-based share trading , taking advantage of price
differences in two bourses located 300 km apart ( in one thousandths of a second ! )
And since computing power of mobiles are doubling every 18 months ( Moore's Law ), nothing will stop
algo-trading through a Mobile Wallet , as well ! ( Demat A/C on Wallet ? )
with regards,
hemen parekh / hcp@RecruitGuru.com / 27 July 2022
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