«For Treasuries, the share of transactions by primary dealers has dwindled by more than half to 4 percent since the end of 2008,» with
electronic traders like Citadel expanding their role as dealers, and the complaints about the Treasury market sound a lot like the complaints in the equity markets about human market makers being replaced by algorithmic traders.
Not exact matches
Traders on the floor of a stock exchange, waving slips of paper in the air and yelling
like lunatics, were already being phased out in the 1980s, as firms adopted more efficient
electronic trading platforms.
Forex, much
like most futures contracts, can be traded in an open out - cry system via live
traders on a pit floor or entirely through
electronic means with a computer and access to the Internet.