Goldman Sachs Embraces Automation, Leaving Many Behind

At its height back in 2000, the US cash equities trading desk at Goldman Sachs' New York headquarters employed 600 traders, buying and selling stock on the orders of the investment bank's large clients. Today there are just two equity traders left. Automated trading programs have taken ove...

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Veröffentlicht in:	Technology review (1998) 2017-05, Vol.120 (3), p.22
1. Verfasser:	Byrnes, Nanette
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Algorithms Automation Buying Clients Computing costs Currencies Economic conditions Engineers Impact analysis Investment Investment bankers Investment banking Profits Software Stock exchanges Wages & salaries
Online-Zugang:	Volltext
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