Will Silicon Valley remain the best hub of tech in the next 10 years?

Re:Will Silicon Valley remain the best hub of tech in the ne... by gumby on Sunday June 25, 2017 @08:20PM (#14633027)

> I don't think that a very good indicator. There is a difference between the tech industry and financial services. Financial services depend on markets that have a well known and established opening and closing time. In the US the markets are very much tied to 9:30AM to 4:00PM in the Eastern time zone.

That hasn't really been the case for quite some time. A majority of option and equity trading now happens directly rather than on open exchanges and is thus immune to "market hours". Forex is 24 hour. And London is still the finance powerhouse despite not being in the largest economy (and not being in the Euro, but manages the vast majority of Euro bond trading) and in fact being in a country the rest of whose economy is a basket case.

But physical propinquity still matters, it seems, for the human intangibles.

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Re:Will Silicon Valley remain the best hub of tech in the ne... by bogomipz on Sunday June 25, 2017 @10:30PM (#14633628)

>"That hasn't really been the case for quite some time. A majority of option and equity trading now happens directly rather than on open exchanges and is thus immune to "market hours"

Its not just the actual exchanges like the NYSE or NASDAQ but all of the other participants - the investment banks, the hedge funds, the ratings agencies, the analysts, the financial press. Following the sun, the day breaks first on the East Coast in the U.S. So yes while it could move to Boston, Mass, Charlotte, N.C. or back to Philadelphia where incidentally it was before Wall Street its probably limited to the boundaries of the Eastern Time Zone in U.S.

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