[bradj]

I really doubt that, trade capital and relationships are what define those houses, not their tech stack. Some of them are already pretty advanced from an in-house development perspective and could compete with the best of commercial-ready in the market trading platforms and data sources.

[danielmarkbruce]

Yup, I should have worded that a bit more carefully. It would appear to me that they could be rebuilt, but still need the key ingredients of a trading house.