Indeed. Though it really depends on the asset class. On liquid asset classes (equities, FX, etc.) there has been more and more focus on algorithmic market makin

Indeed. Though it really depends on the asset class. On liquid asset classes (equities, FX, etc.) there has been more and more focus on algorithmic market making and order execution. High frequency trading outfits and having extremely latency / price sensitive counter parties (i.e. the buy side hedge funds) has forced the sell side desks to evolve to a more tech driven trading model. In FX, banks like Deutsche and Barclays make loads of money off algorithmic market making and order execution. Way off topic .. apologies.