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How does Algorithmic trading fit into this model?

• VLM 14y ago
  Your average 40 year career stockbroker knows there's some young nerds from the physics, math, and CS departments who were hired into the mostly B-school grad company, but he doesn't work with them or hang out with them or have anything to do with them other than maybe 3 or 4 levels up the org chart they share a boss. So for an upper level manager HFT is a "new thing" in the biz but not so much a broker. And from an upper level manager perspective they're not totally new so much as basically expensive automated hyperactive daytraders. Yes I'm sure there exist rare individual exceptions but very few experienced brokers pivoted out of sales and human trading/consulting into algorithm design.