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Basically, algorithmic traders are disrupting what traditional traders used to do. In the future, Wall Street will be replaced with a couple of big server farms
by wisty 15y ago
Basically, algorithmic traders are disrupting what traditional traders used to do. In the future, Wall Street will be replaced with a couple of big server farms, and a Demand-Media style bidding system for commoditized stock analysts.
Imagine it - "Earn cash in your spare time - estimate the future profits of Fortune 500 companies, and plug them into a structured database! Senior members represent us on boards of directors, telling CEOs what the computer thinks they are really worth! (payments contingent on the long-term value of your work)."