Banks like Credit Suisse need a trader with programming skill to succeed, sorry who are into cavemen fossil chart click trading?
Sorry for all those ‘cavemen’ losing their jobs. For the masses learning Python, it will work for a little bit you will quickly hit many walls.
The industry expects you be a solid programmer but the fossils known aas day traders and retails traders are going by the way of the Dodo. Another useful article found at QuantNet.com
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A recent NYT article sheds light on how the trading landscape has been changing on Wall Street, due to technological advances as well as regulatory reforms such as the Dodd-Frank financial legislation.
The article makes clear that technology has been and will play a HUGE part in the industry as an increasing volume of trading occurs over automated exchanges as required by laws or other factors.
“The increased use of automated platforms means that more programmers are needed, but fewer employees over all.”
The trading desks at Credit Suisse are demonstrations of how changes have transformed the type of trading and traders needed for the job.