Market moves

When the robber barons of old New York would gather like royalty to decide the fate of capital markets, they held few illusions about what their real goal was: making money for themselves. Today a new pantheon is gathering to excavate the channels of capital flow: Zarb, Grasso, Schwab, Komansky, Paulson, Purcell.IROs should pay close attention as these gods of Wall Street alter the world around them. Two camps are coalescing over 'fragmentation', which describes the way stocks trade in different