It’s 9:45 on a cold and wintry Monday morning; crowds of people are huddled around the water fountains as gossip spreads throughout the building like wildfire. There has been a multiple data pile up in the Widget and Wodget data centre, there are a few casualties but no reported fatalities. No one knows what quite is going on, as shadowy rumour hints at flying pigs, rebellious ducks and rolling heads.

It was to be a big day for Widget and Wodget, “your neighbourhood’s favourite Prime Brokers”, it was billed as the Senior Mega Monday to end all Mega Mondays. A mega coup for the hallowed financial institution of W&W; today would be the day that would herald in the culmination of two major IPOs and one multi-billion global M&A deal signed off, as well as the launch of a raft of CDOs.

Continue reading →