The more things are changing, the more interesting it is to do research. And thankfully change doesn’t seem to stop coming. The last decade has seen the market structure geeks move their focus from swaps, to high frequency trading, to corporate bonds, to US Treasury bonds, to blockchain, to machine learning and, most recently, back to high frequency trading (excuse me, non-bank liquidity providers).
This is exactly what being a research analyst is so much fun. We often have 5 meetings in a day all on completely different topics. In that vein, these are a few of the more interesting conversations I’ve had with the press this year: