Almost exactly A year ago, I wrote a piece entitled "FICC: Not dead yet" in response to the all those people who were telling me the fixed income, currencies and commodities trading business was dead and buried. I never bought the story - and even a year back was terminally bored of the cyclical vs seminal debate. Be warned that I will zone out completely if it's brought up in conversation - which is still is, alas, far too frequently.rnAnd that's not just because it was always a ridiculous discussion since no-one had the remotest idea if it was one or the other. It was also because the notion of what constitutes "seminal" tends to morph as the business, market and regulatory cycles rotate. Cyclical seminality, seminal cyclicality... you say tomato, I say tomato.
展开▼
