Goldman Sachs automated trading replaces 600 traders with 200 engineers

Re:Goldman Sachs automated trading replaces 600 traders with... by lsaferite on Tuesday February 07, 2017 @05:02PM (#13593307)

I have a feeling someone said the same thing 10 or 20 years ago.

[ Parent | on HN ]

Re:Goldman Sachs automated trading replaces 600 traders with... by stale2002 on Tuesday February 07, 2017 @10:17PM (#13595393)

They DID say the same thing 10-20 years ago, and they were CORRECT.

Ever try to build a web application in Assembly language or C? It would probably be pretty difficult. You don't have to do that anymore.

1 web developer can do more work today than 100 assembly developers could, from 50 years ago.

[ Parent | on HN ]

Re:Goldman Sachs automated trading replaces 600 traders with... by cmoscoso on Tuesday February 07, 2017 @11:13PM (#13595690)

Build a JS app today is extremely complex.

[ Parent | on HN ]

Re:Goldman Sachs automated trading replaces 600 traders with... by onion2k on Wednesday February 08, 2017 @03:23AM (#13596729)

I think that's more a sign that we want more from web apps than any increased complexity in the apps themselves. Building a web app now isn't any more technically difficult than building a Linux app was 20 years ago. The only difference is that the tools aren't as mature.

[ Parent | on HN ]

Re:Goldman Sachs automated trading replaces 600 traders with... by eru on Tuesday February 07, 2017 @05:28PM (#13593530)

We are just ratcheting up the complexity all the time. Moving goalposts (and a bit of complexity-bloat).

[ Parent | on HN ]