IBM: Algos to Replace City Traders

- WatersTechnology Staff
- 09 Oct 2006

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

LONDON-Nine out of 10 traders in the City of London will be out of a job in 2015, mainly because of the rise of algorithmic trading. That is according to an IBM white paper released last week. However, securities firms' officials and analysts doubt the numbers.

IBM cites predictions from Goldman Sachs and the Tabb Group in its white paper. According to Goldman Sachs, "within 12 months, 60 percent of the deals struck on the London market will be generated from black box systems." In addition, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@waterstechnology.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@waterstechnology.com

More on Trading Tech

UBS embraces ‘narrative alpha’ with new NLP engine

The tool provides a new form of sentiment strategy that traces how stories spread, instead of counting words.

10 Oct 2024

Pushing the boundaries of TCA

S&P Global Market Intelligence finished runner-up in the perennially competitive TCA system provider category of the Waters Rankings 2024. Michael Richter, global head of trading analytics, discusses the TCA challenges facing the firm’s buy- and sell…

08 Oct 2024

SS&C fights ‘Frankenstein’ perception with further Advent, Eze integration

With the Genesis platform as the tech stack’s foundation, the vendor is looking to provide a front-to-back offering that allows end-users a paced introduction to the cloud.

07 Oct 2024

Bloomberg ups focus on quants, intraday strategies

The vendor hopes its OHLC Bar data product will woo new audiences among quant traders and analysts, who have previously had to painstakingly build solutions in-house.

04 Oct 2024

DORA stalls over identifier dispute

A disagreement over how to classify third-party tech providers on a reporting form known as the “register of information” has held up preparations for the highly anticipated operational resiliency rule in Europe.