(New York Post) The US stock market is at a crossroads as a consensus of market mavens concludes that high-frequency trading is taking its toll on Wall Street. A new study suggests that an estimated 10 million prospective finance jobs have been lost since 2000 and countless billions in capital was not created due to the proliferation of robotic trading platforms. “We would have over 13,000 publicly listed companies today instead of the paltry 5,000 we now have,” David Weild, chief executive of Weild & Co. and former Nasdaq vice chairman, told The Post.
Robotic Trading is Killing Wall Street Jobs
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