Feeds, Terminals in Evolution Race

"Whether we like it or not, I suggest [algo trading and direct feeds] are here to stay and will become more prevalent," said Gordon Morrison, global head of equity trading analytics at HSBC. "If so... do you need as many traders, and do traders, market makers and sales traders all have a role in your organization? It's much easier to manage a black box."

"Algorithms are a significant growth area... and one of the largest areas of growth for us this year is the provision of machine-readable ne

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