James Mitchell, CEO of Strategic Blue at Cloud Camp London - Banks vs Tech - Brokerage
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Transcript of James Mitchell, CEO of Strategic Blue at Cloud Camp London - Banks vs Tech - Brokerage
![Page 1: James Mitchell, CEO of Strategic Blue at Cloud Camp London - Banks vs Tech - Brokerage](https://reader034.fdocuments.net/reader034/viewer/2022042816/5595a9aa1a28ab8b678b45c1/html5/thumbnails/1.jpg)
Comparing Information Brokerage in Banking & Tech���
Dr James Mitchell, CEO of Strategic Blue, founder of Cloud Options, recovering banker [email protected]
@cloudoptions
www.cloudoptions.com
CloudCamp London 11th September 2014
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! Finding the right cat information – needle in a haystack?
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! Easier to go through a broker who has already sorted it
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! So does that make Google a “tech company”?
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! Finding the right Lego piece – needle in a haystack?
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! Easier to buy through a broker who has already sorted it
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! Even easier if you can do it online…
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! So does that make Lego a “tech company”?
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! Finding the best price for pork – ask every pig farmer?
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! Easier to go to an exchange who has curated all the offers
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! Even better if you can do it online…
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! So does that make Chicago Mercantile Exchange a “tech company”?
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! Information Arbitrage ! Sell when you KNOW you can buy cheaper elsewhere
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! High Frequency Trading CANNOT be done without tech
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! Does that make Arbitrage Traders really tech companies?
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! Both approaches monetise information ! Tech approach minimises financial risk ! Finance approach looks at risk / reward
Tech Company Finance Company
Largest Use of Capital Technology Development Cash Management
Biggest Risk to Company Poor technology Poor cash management
Informa>on Mone>sa>on Provide Informa>on for a Fee Use Informa>on to mi>gate risk
Tech vs Finance���
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Technical Risk Requiring
Technical Excellence
Financial Risk Requiring Financial Excellence
FINTECH
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Dr James Mitchell, CEO of Strategic Blue, founder of Cloud Options, recovering banker
[email protected] @cloudoptions
www.cloudoptions.com