Goldman Sachs has put aside more to pay its employees than at any point over the past 10 years, as performance surged in key business lines during 2020. The US banking giant paid $13.3bn to its staff last year, the most since 2010 when it was still enjoying huge revenue gains within its investment bank and global markets units.
ETL, the London-based Settlement and Payments Infrastructure provider, today announced that Banque de France (BDF) has successfully completed a Central Bank Digital Currency (CBDC) transaction, using the SETL blockchain that powers the IZNES fund platform.
The London Metal Exchange will propose permanently closing its open-outcry trading floor, putting an end to the century-old practice of setting the world’s metals prices in a daily shouting match. The iconic trading floor known as “the Ring” is one of the last of its kind in the world, where deals take place face-to-face, in a chaotic daily ritual of barked commands and arcane hand gestures. It’s been closed since the U.K.’s first Covid-19 lockdown in March, when the LME switched to an electronic system
Algorithmic trading can be a very fulfilling career. The work is intellectualy interesting and less stressful than other trading jobs, and the hours are relatively short. Seven and eight figure pay packets aren’t that common, but many algo traders earn pretty decent renumeration.