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It makes sense... I mean just look at stock trading. Manual stock traders used to be a high paying profession and now it’s a job that’s almost entirely been rep
by code4tee 7y ago
It makes sense... I mean just look at stock trading. Manual stock traders used to be a high paying profession and now it’s a job that’s almost entirely been replaced by automation.
It’s not a ‘could’ in the future but something that’s already happening in significant amounts. The trading room floors of most the big banks are a tiny fraction of what they once were despite trading volumes skyrocking.
- Phillipharryt 7y agoThere are still millions of stock traders, if you're meaning brokers, then yes, automated routing and matching has dropped the number of brokers dramatically. It's estimated around 10% of the volume of trades are still the result of people making decisions, which is actually an incredibly large amount because electronic trades create such an enormous volume that to even make up 10% means a lot of traders are still out there picking stocks.