Podcasts Culture 8.7 You mean we have to collaborate with our competitors?

8.7 You mean we have to collaborate with our competitors?

Published: June 1, 2021, 6:16 p.m.

Clusters are found in abundance in London.  So how can competitors operate within a cluster were written (or unwritten) rules require everyone to collaborate?  In the financial markets, derivative exchanges manage the risk of their participants as a collective.  The risk profile is quite similar.  One bad apple is manageable, but two or more can be catastrophic.  People change their mind and make broad brush decisions that can destroy a cluster.

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