Funds look to ‘retrain’ traders as automation takes hold
As technology reshapes markets, nearly a third of buy-side staff will need to gain new skills
Asset managers are retraining their execution teams to take on different types of work as automation, machine learning and other new technologies transform the way trading is done.
Last year, traders at JP Morgan Asset Management took courses in programming, machine learning and so-called ‘agile’ software development.
“These traders are definitely not technologists,” says Neil Joseph, head of European equity trading at JP Morgan Asset Management. But execution teams need to have “an
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