Tag Archives: UBS

Severe job cut Before and after of UBS computerized trading floor

Severe cull Before and after of UBS computerized trading floor

A responsive newsletter contributor sent before and after photos of a large UBS trading floor purge. You should see what the computers have done with this stat as well:

Goldman has already begun to automate currency trading, and has found consistently that four traders can be replaced by one computer engineer. Some 9,000 people, about one-third of Goldman’s staff, are computer engineers

There was confirmation of this from an ex UBS trading desk manager found in my Facebook group:

Brian, I fully agree with your post. As an ex-manager of Trading-desk for Ubs 15 years ago, the problem began when the computer came…

See the photos of this UBS job purge here

Intro preview to new quant future options courses and Python infrastructure

I just posted this video on how I will be removing the PUBLIC ACCESS from my Quant ELITE membership the next few days to weeks. This will be the last of my ‘highly valuable’ deals before I go premium in coming weeks for my new Analytics service.
See my video here.

If you want to take advantage of the last combined courses I have for a low monthly fee before they total $1600 in a few weeks.

Bryan

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Severe cull Before and after of UBS computerized trading floor

Severe cull Before and after of UBS computerized trading desks

This response was sent in from my highly responsive newsletter subscriber:

This says it all:

 

Goldman has already begun to automate currency trading, and has found consistently that four traders can be replaced by one computer engineer. Some 9,000 people, about one-third of Goldman’s staff, are computer engineers

 

The extinction of the carbon-based trader, seen nowhere better than on the trading floor of the legendary UBS trading floor, once upon a time the world’s biggest.

before image005

And 8 year after, when all that’s left of the UBS trading floor, and the legacy of that version of Wall Street, is this.

after image006

This is from this posting

Goldman Sachs adopts automation: Masters of universe threatened

Save your job by being a computer coder for you automated trading

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Simple reason why UBS only hire a quant

Simple reason why UBS only hire a  quant

A company logo hangs outside the entrance of UBS Group headquarters in Zurich.

UBS Group AG doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.

To read the entire article, go to http://bloom.bg/2co16Fi

Highlights include:

The models “help us understand when it’s time to dial up the risk of the portfolio or dial down the risk,” Haefele, who helps oversee $2 trillion, said in an interview in Zurich. “In many cases the answer is yes, a machine could do a better job than a person.”

 

“In this war for quantitative talent, I would say that women are increasingly winning it because the numbers speak louder than testosterone,” he said. “About 50 percent of the female hires that we made have a masters or better in quantitative subjects.”

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Worlds largest #FX #Traders are #Citi #J.P.Morgan #UBs #deutschebank

Worlds largest are #J.P.Morgan

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/05/Worlds-largest-FX-Traders-are-Citi-J.P.Morgan-UBs-deutschebank.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/05/Worlds-largest-FX-Traders-are-Citi-J.P.Morgan-UBs-deutschebank.jpg” size=”large”]
Worlds largest #FX #Traders are #Citi #J.P.Morgan #UBs #deutschebank

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

#UBS seas rally if #brexit averted

seas rally if averted

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/03/UBS-seas-rally-if-brexit-averted.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/03/UBS-seas-rally-if-brexit-averted.jpg” size=”large”]
#UBS seas rally if #brexit averted

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

#Europe biggest #Bank like Deutsche Bank or #UBS Cut losses

biggest like Deutsche Bank or Cut losses

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/03/Europe-biggest-Bank-like-Deutsche-Bank-or-UBS-Cut-losses.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/03/Europe-biggest-Bank-like-Deutsche-Bank-or-UBS-Cut-losses.jpg” size=”large”]
#Europe biggest #Bank like Deutsche Bank or #UBS Cut losses

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#wealth management clearly dropped at #UBS

management clearly dropped at

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/02/wealth-management-clearly-dropped-at-UBS.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/02/wealth-management-clearly-dropped-at-UBS.jpg” size=”large”]
#wealth management clearly dropped at #UBS

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

IMC HFT shop hires UBS dark pool exec

IMC HFT shop hires UBS dark pool exec

This is probably one of the biggest Euro HFT operators out of Netherlands that you never heard of

IMC Financial Markets has hired the head of sales at UBS Group AG’s dark pool as the Dutch high-frequency trading firm expands in America.

To read the entire article, go to http://bloom.bg/1gSSrrM

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!