Goldman Sachs, JPMorgan Strengthen Algo Trading Units With New Hires

[kreslik.news]

Despite the summer months traditionally constituting slower hiring periods, both Goldman Sachs and JPMorgan have bucked this trend, adding new personnel. This includes senior talent in the algorithmic (algo) trading segment, which has quickly emerged as one of the more important areas amongst banks.

Algo trading has been an important component for many banks in recent months, with the latest hires possibly portending a drying up of supply to meet a growing demand. In any scenario, banks have been quickly scooping up top-tier talent in the algo trading arena, with Goldman Sachs and JPMorgan emerging as the latest players to do ... (read more)