A New Breed of Trader on Wall Street: Coders With a Ph.D.
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To trade in these risky funds, Wall Street banks are recruiting the likes of Monish Shah of Mizuho Securities, who is as much a code writer as he is a trader. CreditCole Wilson for The New York Times
HOLLYWOOD, Fla. — The mood in the markets may be getting grimmer, but in the booming world of exchange-traded funds, people just want to party.
And so it was last month at the $2.8 trillion industry’sannual jamboree in South Florida, where 2,200 investment advisers and fund salesmen came together for three days of hard drinking and product pitching. Against a backdrop of New Orleans jazz bands and poolside schmooze-fests — some call it spring break for the E.T.F. crowd — one event stood out, though…
A New Breed of Trader on Wall Street: Coders With a Ph.D.
