Prophecy: Wall St ruled by machine learning Highlights from this article: Companies have cut personnel and other expenses as revenue stagnates amid post-financial crisis regulations, low interest rates and choppy markets. Combined with the advance of electronic trading — which dominates cash equities and is gaining ground in fixed-income businesses like rates and currencies — …
Prophecy of Wall St trading ruled by machines Many of the whiners, fossils, and old cave men don’t get it. We just reported Goldman Sachs are dumping the old farts for those that have these skills. More blood on the streets as the software coding gurus take control. Wah wah..cry me frigging river http://www.bloomberg.com/news/articles/2015-10-28/mckinsey-s-trading-prophecy-is-a-wall-street-ruled-by-machines-igar2kq4 …
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