Maccaba: 50 Percent of Trading Will Still Be Voice in Five Years
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LONDON--In an exclusive interview with Trading Technology Week, Brian Maccaba, chairman of Cognotec, predicts that 50 percent of all trading will still be done over the phone in five years' time.
Despite the rush for automation, witnessed lately by Fxall and Atriax, "within every bank there will be a significant percentage of clients who won't go electronic," says Maccaba.
"Automation isn't everything--manual intervention is often invaluable," says Maccaba. Corporates involved in complex and/or
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