HiLo

>That is, the unwritten rules about what was politically possible.

I've spoken with some of the people named in this thread and I think this is probably the most concise explanation for some of the questions being raised on Lehman v AIG.

The last thing you said is probably the most accurate of the comments so far :) Most simply don't have time / can't be bothered to make these changes when the system works fine as it has for 15 years and you have $5mm PNL swings each day.

Mostly correct, most financial and commodity institutions I've visited make heavy use of their (extremely expensive) keyboards.

Eh, you're a bit off. You can find compiled quotes in lots of places, and individual quotes from any broker or dealer, so there are other systems that do this (maybe none that have exactly ALLQs same dealers giving quotes). But you're right saying that many times these prices are indicative quotes from dealers.

The same could be said for all their FICC offerings. Their equity analysis is also better than other platforms I've used. On top of that, their data on vanilla and exotic derivatives are OK but we had some issues with consistency between broker / market marks and Bloomberg marks for implied volatility on some of the most liquid contracts out there.