This is really more curiosity, but what exactly does an FX trader do nowadays? I see Euromoney surveys where some of usual suspects are still around (Deutsche, Citi, JPM, UBS) and then some more surprising names (BNY, State Street, XTX, Jump).
Are there actual traders at these places anymore or is it just algo development and maintaining efx platforms?
If there are no traders per se, where is buyside talent going to come from?
Hi GoodBread, any of these threads helpful:
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You're welcome.
Great question
my banks has algo traders who tune the parameters or switch the algos based on their observation of the market. Honestly not sure what buyside exits this provides, but I assume if buyside is looking for fx traders, they want someone with macro trading experience. I think algo traders are more worried about execution than the macro picture, so buyside may look more towards the fx derivs candidates.
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