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From Kirsten Bischoff, Opalesque New York: In an office high above the streets of mid-town Manhattan James Lissette reads and contributes to a continuous dialogue which occurs every day between traders at some of the best known firms in the financial industry. The conversation, which Lissette began in 2001 is called the Active Trader Forum and it has grown organically from its initial start as an AOL instant messenger chat that invitations had to be issued from daily, to its format today, run through tailored software which allows the 150 active participants to log on at any point during the day and enter the conversation.

The growth of the financial markets in people and assets over the past few years has inspired the launch of many internet based sites which aim to offer networking services. Most recently launched is MeetTheBoss, which has been covered in the media of wanting to be the social net of choice for the financial community and which aims to register 50,000 members by the end of 2008.

However, these sites and others such as LinkedIn and Plaxo are static in nature and cast out to an enormous population of subscribers. For Lissette and the traders he interacts with throughout the day, the constant stream of data coming from a limited number of traders is invaluable, providing them with a true peer barometer of the markets.

It takes one to know one “AOL released a study recently that showed in......................

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