Breaking News

Man vs. machine

Wall Street firms are cleaning out their desks — institutional-equity desks, that is.
Large and midsize firms are giving the boot to hundreds of high-priced trading staff in widespread layoffs and deep cost-cutting, replacing flesh-and-blood staff with cold steel computers and high-frequency trading algorithms.
The wholesale bloodbath is not painful to… …read more
Source: NY Post

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Posted by on June 24, 2013. Filed under Business News,U.S. News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.