Trader, a business that is increasingly threatened by the bots

The wolf of Wall Street has lost its luster. The job of a trader is much less recipe than in the past. "It is no longer a profession of the future, as was the

Trader, a business that is increasingly threatened by the bots

The wolf of Wall Street has lost its luster. The job of a trader is much less recipe than in the past. "It is no longer a profession of the future, as was the case ten years ago even," says Eric Dor, director of studies of the Ieseg School of Management. In fact, a little bit everywhere, banks disperse gradually from these "golden boys" who have made the imagination of generations of students until the financial crisis of 2008.

for instance, at Goldman Sachs in New York, the hall of trading market shares do not account for more than two operators from 2017, compared with 600 at the time of its splendour! In six years, between 2012 and 2018, more than a quarter of the positions of trader (stocks and bonds) has already been deleted in the twelve largest global banks (including BNP Paribas and Société générale), note the cabinet Coalition. They were more than 9700 last year against 13.300 in 2012. And this trend is expected to accelerate.

" READ ALSO - A trader calls for 152 million euros in the bank ...

Updated Date: 30 April 2019, 00:00

Kathleen Lees

Lees


Contact Details

You need to login to comment.

Please register or login.

RELATED NEWS