| Topic Name: |
automtd bond trading effecting WS jobs in 5-10yr? |
| Message Name: |
automated trading |
| Date Posted: |
07/22/1999 |
| In Reply To: |
How will the looming onslaught of automated bond trading effect the market for WS jobs in the next 5-10 years? And... How might the IBs see their org. structure changing in regards to technology (i.e. Corporate Fin. versus Sales/Trading jobs available at that point).
This should be a very important discussion for those thinking of joining the IB world. Serious postings please!! |
| Message: |
Automated bond trading will not take off as equities has. Currently, every regular Joe thinks that he knows the ins and outs of the market, and can beat it. However, he is mainly reaping the benefits of the bull market, and not his own market savvy. The middle/upper-middle class is what has fueled this growth in automated equities trading. The reasons it won't happen in bonds: 1)You need a lot more money to invest in bonds, which takes many of these people out of the equation. 2) Bonds are more complex, and the general public may never put in the effort to understand why a yield is different than a coupon. Eventually, retail sales forces will decline as the market becomes ever more transparent. But traders will remain, as somebody has to make the market.
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