Milan - global financial center

[michal.kreslik]

Hello, friends,

two weeks ago I made a business trip to Milan, Italy. Milan is one of the biggest financial centers in the world, it's ranked among the top ten along with London, New York, Frankfurt, Tokyo etc.


Thanks to my colleague Marek, I was invited to one of the banks in Milan to see the real interbank Forex market trading in action. This is a rare picture of the true interbank Forex trader's desk:




Among the Milan's firsts is its first shopping mall in the world near the famous Duomo cathedral. The shopping mall is still going strong:




Milan boasts the most prestigious opera house in the world, Milan's La Scala. I took the following picture on the piazza right in front of La Scala - there is an exhibition of plastic cows going on :



A funny thing is that some guy stole one of the plastic cows from the piazza, but he was not able to stuff the cow into his car entirely, so he was driving around Milan with the plastic cow's head sticking out of his truck. Thus, they caught him quickly

Michal

[vittorio]

Hi Michal ,

I live in Milan .
Just curious :
what is your opinion about the
the trading in the bank ?

Next time you will come in Italy
let me know.

Vittorio

[michal.kreslik]

what is your opinion about the
the trading in the bank ?

The true Forex market is something totally different to the "casino game" the retail brokers are presenting to the retail clients under the "Forex market" sticker.

Michal

[4x=0]

Retail Traders' Desk




Things can get a little crazy.

[michal.kreslik]

LOL

Actually, one doesn't need any "desk" in order to run an automated system that's generating money

For me, the best "trading desk" would represent a standalone server that's running an FPI arbitrage automatically without any human intervention all day long

Me being not at the desk, but rather on the beach. Getting text messages every time the equity makes a new high

Michal

[4x=0]

Have you ever tried to run on sand? I recommend you spend your free time running in hot sand -- for when the first text messages fail to arrive you will be ready.

When you run, as you reach your Bentley the front page of "el papel del mar" flies in your face, it reads, "hackers destroy privately owned automated money generating computers -- millions lost".

You being the young humbled programmer/investor, no longer on the beach, but rather in the fetal position in the parking lot.

Good Luck Michal!

[eudamonia]

Michal,

Great pictures! Thanks for sharing an insiders view.

4x=0,

Haven't you learned? Michal is the hacker :0 No puny pipsqueak is going crack his software trading empire.

Edward

[TheRumpledOne]

Terrorist, not hackers, would be the thing to be concerned.

Not to mention, network failures, power failures, communication failures, dealer computer maintenance, etc...