The risk management and alpha generation part of the job is not going to get automated away any time soon. The roles that get eliminated are glorified sales people.
Reality for an Individual Trader
- Thread starter drader77
- Start date
Robert Morse
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Well, it's the reality. I think it's been a problem on Wall Street that people who should have been building relationships have been instead pretending to generate trading revenue. Relationships have true value and it's one of the few skills that will never get automated - people that realized it early on have done way better.Ouch!
I think we gonna see 2-3 person market making desks per product - some assets are already there and some will take a few years more. So let's say 10-15 product classes with 2.5 people on average per desk
That's what I thought. Thanks
Except now with all those contextual trading by the algo machines implemented by those big institutions, how the market is actually becoming more predictable so it actually gives an incentive to find out the news ahead of time. Hmmmn...
no problem