The decline of trading on Wall Street, explained

Finance

Wall Street used to be full of traders.

Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football fields. Now, they’re losing money on trading operations and laying off scores of traders.

Deutsche Bank, Citigroup and Societe Generale are just a few of the big financial firms to announce trading-desk layoffs in recent months.

The shift to electronic trading and passive investing are big culprits behind the trend, squeezing profits in the trading business to razor-thin margins.

Watch the video above to learn more about what’s behind the decline of Wall Street’s lucrative trading profession.

Articles You May Like

Think Before You Overreact To Part D Premium Subsidies Going Away
Cerebras stock plunges 14% after second earnings report following IPO
Understanding Roth Conversions: How They Work
Wendy’s stock jumps on report of potential takeover bid from Nelson Peltz’s Trian Fund Management
Trump’s ‘big beautiful bill’ turned 529 plans into ‘lifelong education’ accounts, expert says: How to take advantage

Leave a Reply

Your email address will not be published. Required fields are marked *