`Tectonic' Market Shift as Lehman Fails, Merrill Sold

flipper58 RSS / 15.09.2008. u 16:35

``The tectonic plates beneath the world financial system are shifting, and there is going to be a new financial world order that will be born of this,'' said Peter Kenny, managing director at Knight Capital Group Inc., the Jersey City, New Jersey-based brokerage that handles about $1 trillion worth of stock transactions a quarter. ``It's an ugly and painful process.''

http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=abVpg8xJDMWk



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