global head of connectivity, SunGard’s global trading business
Contributor: Philippe Carré
A version of this blog post was originally published by the Financial Times.
Recently, I traveled to Madrid. I booked a flight on British Airways and found myself flying… Iberia. Of course these days these two “national carriers” are part of the same company, listed primarily on the London Stock Exchange and Bolsa y Mercados Espanoles, the Madrid exchange.
The Madrid and London stock exchanges are both over 150 years old and fiercely independent. They used to be among scores of independent stock exchanges around the world, all existing to serve their local markets with listings of companies from their country or local area. But increasingly independence is the exception, not the norm, for stock markets.... read more
former vice president, SunGard’s global trading business
Contributor: Chris Lees
On March 27th the 2011 Formula 1 season kicks off with the Qantas Australian Grand Prix. Each of the teams will have spent untold millions of dollars refining their cars to be as fast and as aerodynamic as possible. The drivers will study the tracks and other drivers carefully, plotting and memorizing the optimal driving lines, and when the race day arrives they will constantly drive at the edge of their ability in their bid to win pole position. Speed is everything in this game and anything - from the tilt of a fin to the flow of air over the nose - can give the vital, incremental advantage needed to win. But driving at such speeds carries very serious risks both for the drivers, those around them, the spectators, and ultimately the reputation of the sport. That's why each year the Fédération Internationale de l'Automobile (FIA) issues a set of rules designed to promote safety and fairness between the teams by strictly governing the design and performance of the cars. On February 3rd the FIA published fifteen such technical rules for the 2011 season - four based on safety considerations and eleven addressing fairness. Together they control detailed technical specifications such as the placement of rear-view mirrors, minimum chassis height and the aerodynamic design of rear fins.
Does any of this sound familiar?
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