A recent NYT article sheds light on how the trading landscape has been changing on Wall Street, due to technological advances as well as regulatory reforms such as the Dodd-Frank financial legislation.
The article makes clear that technology has been and will play a HUGE part in the industry as an increasing volume of trading occurs over automated exchanges as required by laws or other factors.
"The increased use of automated platforms means that more programmers are needed, but fewer employees over all."
The trading desks at Credit Suisse are demonstrations of how changes have transformed the type of trading and traders needed for the job.
"The traders here are mostly educated in math or physics, often outside the United States, and their desks are piled high with textbooks like the “R Graphs...
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