Markets/S&T is FINISHED

10

Automation will kill vanilla
+Falling markets and lack of prop trading will kill revenues across the board
+Fintech firms are inventing automated systems for trading bonds and illiquid securities
+Hiring is low
+Entire floors are being wiped out

= If you're looking for a "career" in sales/trading/strategy, not gonna happen. In around ten years, this industry is finished.

Source: uncle works in the industry

Reply 1

sinatraa

2

Original post

by 44park

Automation will kill vanilla
+Falling markets and lack of prop trading will kill revenues across the board
+Fintech firms are inventing automated systems for trading bonds and illiquid securities
+Hiring is low
+Entire floors are being wiped out

= If you're looking for a "career" in sales/trading/strategy, not gonna happen. In around ten years, this industry is finished.

Source: uncle works in the industry

No it's not finished, far from it I think. It will just evolve and adapt to changes in conditions and investment banks trading floors will just become highly specialised.
How are markets failing? What does that even mean?
Fintech firms automated systems have mostly eased trading and helped connect buyers and sellers. Perhaps i am naive but I'd never let a computer trade illiquid securities, it's too stupid and will end up making big losses.
Stuff like derivatives trading isnt going to go any time soon.
Hiring fluctuates tbf
Floors arent being wiped out, they're changing. Soon there'll be high frequency trading and more demand for STEM grads to operate computers which make high frequency trades.

It's natural to be worried about this industry but personally i'm more excited than worried.

Reply 2

midgetspinner

18

it's only dead for people who don't possess any programming skills, e.g your uncle

Reply 3

Johnny Sinner

Original post

by glebp

it's only dead for people who don't possess any programming skills, e.g your uncle

Well computers replace people because they're more productively efficient. So if we assume that for every computer there's going to be a programmer operating it you're still going to find that there will be less jobs available overall.

Markets/S&T is FINISHED

Related discussions

Articles for you

How The Student Room is moderated