Goldman Sachs warning as trading jobs disappear to algorithms

Algorithmic trading, the use of computer programs to execute trades at high speeds based on pre-defined rules and complex algorithms, is rapidly altering the landscape. In a video by Brian Downing, the impact of this automation on the job market and the skillsets required for success in finance are explored. Downing's discussion centers around an article highlighting the decline of trading jobs at major institutions like Goldman Sachs due to algorithmic replacements. This trend extends beyond trading floors, impacting back-office and risk management positions that were previously considered secure.

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