there have been fixed income layoffs this year.

yes it can be automated. so can large swaths of fixed income trading. and i'm not sure equities trading is 'simple', but probably not as quantitive as other disciplines. it's like saying fx Spot Trading is 'simple'....which it most definitely is not.

 
Best Response

...it would be pretty difficult to automate fixed income trading right now as the electronic platforms people use to trade (brokertec, Tradeweb, and espeed) are still young and do not lend themselves to program trading. A Vast majority of treasury bond trades are still done over the phone. Also running leveraged money is a little more complicated in fixed income as you have to worry about financing your position by borrowing or lending your bonds after u've bought or sold them. The business of borrowing/lending bonds (called repo trading) is still essentially in the stone age and is rife w/ "wild west" tactics like short squeezes and other tricks...in other words it is way more of an art then a science that some computer nerd could automate. Its just not like a stock trade...u have to worry about financing, carry, forward pricing, etc....trading treasury bonds isnt just buy'em/sell'em.

That said their have been fixed income layoffs and may continue to be because there has been virtually no volatility in the US yield curve and therefore trading volumes have been weak. Its not the big game in town right now...

 
Ray Finkle:
Equity research>credit research... Fucking idiot up above saying that it's for dumbs
I don't agree or disagree, but this is a thread about trading in the trading forum. Totally different thing.
There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 
Kenny_Powers_CFA:
Ray Finkle:
Equity research>credit research... Fucking idiot up above saying that it's for dumbs
I don't agree or disagree, but this is a thread about trading in the trading forum. Totally different thing.

Lulz, in that case I have to agree. Although I think Options traders are the tops when it comes to brain matter

 

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