Why do traders in investment banks feel their jobs are immune from AI, etc?

Re:Why do traders in investment banks feel their jobs are im... by cm2187 on Monday January 02, 2017 @08:02AM (#13300900)

I think you have cash equity in mind. This is a very small subset of what investment banks trade.

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Re:Why do traders in investment banks feel their jobs are im... by lintiness on Monday January 02, 2017 @08:25AM (#13301006)

i trade financial futures and cash equity. i realize ibanks offer leveraged bets on all kinds of nonsense to provide a "service", but pretty much any strategy known to humanity can be achieved on an exchange with negligible counterparty risk

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Re:Why do traders in investment banks feel their jobs are im... by cm2187 on Monday January 02, 2017 @08:36AM (#13301065)

Being centrally cleared to reduce counterparty risk and being traded electronically on an exchange are two distinct things.

Electronic trading does change dramatically the shape and profile of a trading floor. Introducing central clearing with margining not so much.

You won't achieve electronic trading anytime soon on products where there are perhaps at most 200-300 buyers in the world, must of who are only interested in buying big chunks.

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