Technology forcing change in forex staff skills set
PEOPLE NEWS
Speaking at FX Week sister publication DWT’s London conference last week, McKenzie said bank staff and dealers on exchange floors are having to evolve to meet new market realities. He said: "One year ago we saw 90% of euro/dollar trade transacted on the floor of the CME through open out-cry. Now 80% is done electronically."
However, he denied this change would lead to large-scale redundancies. "I think the majority of traders will be able to adjust their skills to fit the needs of the new market
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