Technology Has Changed Wall Street, But Humans Are Still In Charge

Technology has fundamentally changed the financial markets over the past two decades. By and large, these changes have been positive – lower trading costs for investors, a reduction in errors, greater transparency and an overall reduction in systemic risk.

But recent volatility has reignited a decade’s old conversation about what impact automated trading has on the market. As a result, talk of robots taking over Wall Street has accelerated – in boardrooms, on trading floors, on Twitter, and in Davos. However, while the impact of technology on Wall Street should not be understated, humans remain firmly in control.

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