NEW YORK (MainStreet) -- The digital barbarians are rattling the gate.
charging probably $150 million in fees to lower the IPO drawbridge for a young, cash-starved CEO named Mark Zuckerberg, it almost feels like the invulnerable Wall Street fortress of yesteryear, doesn't it?
But be honest, it's just all like the guards at Buckingham Palace -- a nice little show for the tourists.
The fact is, the digital age has little room for Wall Street.
, probably the world's largest money manager, summarily dumped the supposed invulnerable trading czar, Goldman Sachs, to begin
dealing on its own
. And never mind
New York Stock Exchange
digital alternatives such as
The BATS Exchange
. So-called dark pools -- which are nothing more than a geek who matches buyers and sellers with a PC under his desk -- are where the real growth in finance is. Volume for these trading riffs on Napster hit an
this year, according to
, which tracks the dark trend of dark pools.
Facebook's Pop and How To Play It >>
We all know what's happening. The same commoditizing forces of information overload that pulverized the publishing, product retail and porn industries are bringing the same razor-thin margins and indefensible markets to financial services.
Even as Wall Street marches its last line dance of greed over
, the hungry hordes taking financial service apart will not be denied.
Here are my picks of three digital barbarians with the sharpest teeth: