In a move to repair its flagging bond-trading business,
Morgan Stanley is scrambling to replace some of its well-paid bond traders with
computers.
The New York company is hiring programmers and technology
specialists to help it trade bonds electronically and handle client orders in
the hope of exploiting an expected shift in the way bonds and other fixed
income products are traded.
While the effort represents only a part of what the firm is
doing to boost low returns in the business, the shift already has reduced the
ranks of interest-rate and foreign-exchange traders on some desks by 10% to ...
No comments:
Post a Comment