On some football field-sized trading floors you could barely see the far wall through the heat haze. Yet even during the glory years, most investment banks struggled in “flow businesses” such as interest rates, foreign exchange and cash equities. Unless you were in the top three or four in a particular product, forget about it. Many banks wasted fortunes trying to get there.
在一些足球場大小的交易場內，熱騰騰的霧氣讓人幾乎無法看到遠處的牆壁。不過，即使是在好的年景，大多數投行在利率、外匯和現金股票等「流動性業務」上也是舉步維艱。除非你在某種特定產品方面排名前三或前四，否則，你最好還是忘記它。許多銀行耗費鉅額財富，試圖擠進前幾名。
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