Friday, October 06, 2006

Time zone is a competitive advantage

In article about Chicago, and the role of 24 hour derivative exchange and the wealth it has brought to the city, this paragraph caught my eye..

The two executives’ travel plans in September reflect how the introspection has been reversed to leverage the demands for 24-hour global trading, using Chicago’s advantage of a time zone capturing parts of the business day in Asia and Europe as its hub.

...Chicago may have lost its mantle as manufacturing capital of the world, but has been honest and nimble enough to groom itself as the pre-eminent derivatives centre”.

The link

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