Trading jobs in London expected to fall 90% because of algorithmic trading

Discussion in 'Professional Trading' started by itmediaco, Oct 3, 2006.

  1. bighog

    bighog Guest

    This is almost like some Worlds Fair vision and display of the "FUTURE". How about another kitchen of the future from GE?

    Some things in the kitchen have improved in the last 50 years such as electric can openers, electric carving knives to impress the bro in law on thanksgiving, a microwave for lazy people, electric coffee bean grinder etc, etc. BUT......................

    WHAT is still required to get the delicious dinner on the table? Who mixes all the ingredients and gets you to sit down and eat it?

    Same for traders, you get the ingredients and mix em up, stick the concoction in the oven set the time, temp and WAIT.

    "garbage in, garbage out"..........NOTHING has changed in 50 years

    PS....and as someone else stated.........MKTS will reinvent themself and bypass the newest gimmick, (usually be reverting BACK to one debunked the lasst time around. :p
     
    #41     Oct 9, 2006