Trading

A new breed takes over the trading floor

But old hands worry the younger tech-savvy crop can't trade on instinct and has no experience of declining markets

Wolves no more: A different skillset has changed the culture of the trading floor
Wolves no more: A different skillset has changed the culture of the trading floor Photo: Appian Way/Paramount/REX/Shutterstock

Gone are the days when the trading floors were dominated by booming voices and forceful personalities. The advent of electronic trading means the arena is the stomping ground of a new breed.

“The job of the trader is now very, very technical,” said Vax Bahram, a director at headhunter Durlston Partners LLP. “A trader who used to be on the trading floor 15 years ago is now replaced by algorithms. … In some ways, the same job does not exist anymore.”

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