Elizabeth Martin is betting on engineers to automate trading but not necessarily to make things faster.
Goldman Sachs Group Inc.’s global co-head of futures and equities electronic trading says that the ‘Flash Boys’ era of the past decade has ceded some ground to customizing trading for clients.
“I’ve never in my career bet against innovation or smart people being able to make things faster,” she says. “There will be some amount of improvement in speed and latency but in terms of the differentiated drivers of what a broad base of clients need in order to deliver execution for them, it’s less important, because most of the big scale providers offer those services.”
Martin, a 20-year Goldman veteran, relocated to London three years ago and oversees the Wall Street bank’s electronic stock trading business. Martin spoke with Bloomberg about the pandemic, the future of finance and zipping around the city in … Read the rest