151–155 of 155 posts
Earlier quoted context omitted.
I guess they can all become Javascript developers and fulfill the big tech companies' dreams of having hordes of cheap engineers on the labor market. That would help save some of the money poured into various initiatives like 'Dolphins who code', etc.
until software becomes available that makes programming 10x easier...
What about other instruments? I used to work as an IT in a small investment bank, and the traders there were not doing any equity trading. They were dealing with bonds, swaps and stuff, and they were mostly doing arbitrage, IIRC. Also there was one guy on forex, but I vaguely remember that he was not supposed to speculate, rather he was supposed to trade whatever was necessary for the other guys to work. Is the equit…
It's like the drink looking under the light for his keys.
Earlier quoted context omitted.
until software becomes available that makes programming 10x easier...
once ML starts replacing programming jobs, we'll have singularity.
What about other instruments? I used to work as an IT in a small investment bank, and the traders there were not doing any equity trading. They were dealing with bonds, swaps and stuff, and they were mostly doing arbitrage, IIRC. Also there was one guy on forex, but I vaguely remember that he was not supposed to speculate, rather he was supposed to trade whatever was necessary for the other guys to work. Is the equit…
> Is the equity market really that significant that we seem to only talk about it? No, but most people only really understand equity markets. Few people know what it means to trade a swap or even bonds. But as most people have some experience with equities, it's easier to write about that. You won't find much automation in other areas, OTC trading can't be easily replaced by machines.