The nation’s biggest brokerage plans to hire 530 school-leavers in 2019, the fewest in five years, as it seeks to use robotics and artificial intelligence to cut costs.
According to a complaint lodged with the U.S. SEC, personal information such as brokerage account numbers provided to an industry-funded regulator have long been easily accessible online.
The Swiss bank is testing a computer program that will price and trade some inquiries received by its bond desk -- which are typically for smaller, so-called odd lots for high-grade bonds.
Some of the biggest investors in one of the world’s most technologically advanced corners don’t want robots to replace people when it comes to managing money.
The BIS concluded that wholesale digital currencies and their underlying technologies have the potential to make settlement of securities and derivatives transactions more efficient.
