If any banking jobs were protected in the past five years, those in electronic trading were surely deepest in the safe space. Banks threw money and headcount at 'electronification' simply to stay in the race, but as trading commissions plummet and market leaders gallop into the distance, it’s becoming apparent that many are being left behind.
The trouble is that the need for investment to rain on electronic trading has increased precisely as commissions earned from equities trading have plummeted. The TABB Group concluded recently that the buy-side’s U.S. commission pool fell 42% between 2015 and 2019. TABB concluded that a “painful” few years are coming next. -eFinancialCareers