Who would you rather be? The gold digger or the guy selling tools, Levi’s and food? Famously, the suppliers in Klondike made more money than anyone else in the gold rush. You always want to sell the pickaxes, never use them to look for gold. This rings true in finance as well. All you need to do is look at Michael Bloomberg’s fortune to figure that out. The Reuters switch Recently a proverbial earthquake has been felt in the small, but exclusive world of trading terminals. It all started with the Bloomberg snooping scandals, which caused many banks to pay renewed interest to the long talked about Federated Chat ... (full story)