Key feature of today's electronic markets is noise, says Shayla Walmsley. But does that matter? Should we care?
Cast your mind back to pre-history, 2008 to be exact. It was not exactly a time of unparalleled naïveté, unless perhaps you had just talked your way into a first job at a remote and out of touch Savings & Loan, structuring these new-fangled derivative products around 110% mortgage instruments coming out of the Midwest, but it was nevertheless still a time when it was possible to be surprised by the wrong kind of surprises. We all knew by then - didn't we ju