IBM offers bleak news for traders
NEWS
IBM cites predictions from Goldman Sachs and the Tabb Group. According to Goldman Sachs, "Within 12 months, 60% of the deals struck on the London market will be generated from black box systems."
The Tabb Group estimates that 80% of the total order flow from buy-side firms will be routed electronically.
While some securities firms acknowledge the upcoming changes, the dramatic predictions are not shared.
"There is going to be a reduction in the number of traders," said Maria Netley, director in the
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