Career Podcast: Trading Desk Research
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Jon Jacobs from Interactive Data Corp goes into detail about how the Dodd-Frank Act and Volcker Rule will have banks eventually pushed out of the proprietary trading business, while bulge-bracket banks get rid of their researchers. Jacobs also speaks about the grim future in which human stockbrokers are potentially replaced by black box trading like a Wall Street version of The Matrix.
If you like what you hear, the full audio is available on NYSSA's On-Demand website.