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We don't really need traders anymore. Stock pickers won't disappear, though, because it's much harder to automate (it would be akin to having a real artificial
by pnako 7y ago
We don't really need traders anymore.
Stock pickers won't disappear, though, because it's much harder to automate (it would be akin to having a real artificial intelligence).
- smabie 7y agoAll stock pickers are traders, though not all traders are stock-pickers. Moreover, I think there's still a lot of alpha for human traders/market-makers. Even the quant power houses like Jane Street and D.E Shaw still employ human traders.