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" Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture. We need to be active in the underlying physical commodity markets in order to understand and make prices. "

Blythe Masters

Financial

Reality

Serious

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" The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates. "

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" If you exclude your talent base from the benefits of hiring and deploying and making women successful, you're going to do less well than businesses that do a better job on that front. "

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" The thing about innovation in financial markets is they're always building on what has come before. It's a natural process. "

" It is noticeable how many times you see a panel at a conference made up of all men or look into the audience and see very few women, whether it is an event focused on technology or business. "

" Blockchain technology represents a generational opportunity to mutualize database infrastructure across entities within financial services. What that translates into is an enormous cost-saving, risk-reducing, and capital-enhancing opportunity. "

" In bypassing barriers between different classes, maturities, rating categories, debt seniority levels and so on, credit derivatives are creating enormous opportunities to exploit and profit from associated discontinuities in the pricing of credit risk. "

" Unfortunately, tools that transfer risk can also increase systemic risk if major counterparties fail to manage their own risk exposures properly. "

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" In financial services, the front end of the world operates at super-high speeds: comparative advantages are measured in fractions of nanoseconds. And yet back end processes - the amount of time you have to wait when you sell a stock before cash hits your account - can take days. "

" With private chains, you can have a completely known universe of transaction processors. That appeals to financial institutions that are wary of the bitcoin blockchain. "

" The credit derivative market would never have evolved but for the preexistence of the derivative markets because so much of the technology was borrowed. "

" It was amazing feeling to be able to be involved in invention, but not just invention - the creating of a marketplace that had real value to add. "

" I think the most important thing to understand about credit derivatives and their use at JPMorgan is they served a number of different purposes. First and foremost, they were a tool which initially was seen as being useful in managing the bank's own risk management challenges. "

" A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart. "

" The idea that commodities, as an asset class, is finished is just fundamentally flawed. "

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" I have a quantitative background, but really, derivatives appealed to me because they require so much creativity. "

" Blockchain technology, or distributed ledger technology, is just a way of using the modern sciences of encryption to enable entities to share a common infrastructure for database retention. "