Querying all the 'trading is dead' posts
There's been a lot of coverage about sellside trading dying, being automated, winding down, etc.
Just trying to figure it out. I've been looking at the MD and Partner promotions at GS over the last 2-3 years. Basically since the new CEO, who's been open about wanting to push the advisory products / investing side over S&T.
A really big number (possibly even the majority) of promotions are people in the Securities / S&T division. In fact, many of them aren't even quants, they are on sales, structuring and other non-CS type roles. This even includes a few promotions on desks which were supposedly on their way out, such as Commodities and Macro products.
How is this compatible with the supposed general trend against sell-side S&T? I appreciate this is just one bank, but I still think it's indicative.
Not trying to inflame or prove/disprove any arguments. It's a genuine question/observation.
I don't have any actual numbers how many in this space across multiple banks/countries were promoted or not.
The S&T people I know or work with don't seem to have any issues. This is just another anecdote, so maybe someone has industry insights or figures.
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