JP Morgan is selling its trading software to investors in a glimpse of Wall Street's tech future

Discussion in 'Wall St. News' started by Banjo, Nov 6, 2018.

  1. Banjo

    Banjo

  2. pipeguy

    pipeguy

    Effective market will kill the alpha, or they have to double down in efforts to update software to keep it profitable.
     
  3. themickey

    themickey

    By selling the software, perhaps JPM can save money by laying off more advisors.
    A little bit like supermarkets making customers scan their own groceries.
    JPM sells the software, makes money, lays off staff and thereby saving more money.
    And then there is the theory that JPM no longer carry responsibility of any failed trading advice, as customer thinks they can now have better trading control with using their own decision logic.
    Customer feels powerful as they now have bells & whistles software, however giving a monkey a flight manual doesn't guarantee it can fly a plane.
     
    qlai likes this.