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44park
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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
+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
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sinatraa
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#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
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
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.
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midgetspinner
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#3
it's only dead for people who don't possess any programming skills, e.g your uncle
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Johnny Sinner
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#4
(Original post by glebp)
it's only dead for people who don't possess any programming skills, e.g your uncle
it's only dead for people who don't possess any programming skills, e.g your uncle
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