...The organization concluded that “less experienced” traders handicapped by a limited knowledge of which algorithms to use at that moment “amplified” the route....
...Younger, lower-paid employees make up a greater percentage of trading desks than they have in years.
Part of banks’ broader effort to cut staff, boost electronic trading and lower costs following the global crisis, the “juniorization of Wall Street,” as some in the industry call it, has been particularly acute in the foreign-exchange market.
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