Asset managers farm out trading as costs and complexity climb

Discussion in 'Wall St. News' started by guru, Aug 20, 2019.

  1. guru

    guru

    Not sure whether this is actual “trading” but that’s where some opportunities may show up for former traders:

    https://www.reuters.com/article/us-...g-as-costs-and-complexity-climb-idUSKCN1UV2FE
    “Tourmaline Partners, for instance, says it has access to 400 brokers through its almost 40 traders in London, Stamford in the United States and Sydney, Australia.

    They handled $175 billion worth of trades last year. Andrew Walton, head of its European business, said he expects that to rise by a fifth this year.”

    For experienced traders like Meraki’s Arnold, this fast-growing outsourcing sector also offers a new lease of life as bustling trading rooms steadily dwindle in the era of algorithms and automation.
     
    wrbtrader likes this.