Friday, 4 August 2017

As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened - MIT Technology Review

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At its height back in 2000, the U.S. cash equities trading desk at Goldman Sachs’s 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 over the rest of the work, supported by 200 computer engineers.

From As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened - MIT Technology Review

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