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    Great News: Technology Has Advanced Since 1996

    Back when the business of buying and selling stocks depended on human traders gathering in […]

    / Jan 26, 2015 at 4:35 PM
  • News

    RBS’s Algorithms Are Just Fine, Human Employees Another Story

    A trader at RBS has admitted to making a fat finger trade in the EUR/CHF […]

    / Aug 9, 2012 at 3:13 PM
  • Opening Bell

    Layoffs Watch ’12: Morgan Stanley

    Morgan Stanley’s roadmap to the future involves fewer humans, more machines.

    In a move to repair its flagging bond-trading business, Morgan Stanley is scrambling to replace some of its well-paid bond traders with computers. The New York company is hiring programmers and technology specialists to help it trade bonds electronically and handle client orders in the hope of exploiting an expected shift in the way bonds and other fixed income products are traded. While the effort represents only a part of what the firm is doing to boost low returns in the business, the shift already has reduced the ranks of interest-rate and foreign-exchange traders on some desks by 10% to 20%. Morgan Stanley’s head of interest-rate trading, Glenn Hadden, has told colleagues in recent months and that the trading floor of the future will surround a few traders with the hum of powerful machines.

    Man vs. Machine At Morgan Stanley (WSJ)

    / Aug 9, 2012 at 10:41 AM
  • News

    SEC Official Who Surfed Tranny Porn To Deal With Stress Of The Job– Not Alone!

    A couple months ago, we discussed an SEC worker who got in a bit of […]

    / Apr 23, 2010 at 10:30 AM