Andy Maack: I dont see a complete elimination of the buy-side trader<\/p>\n
Automation as a replacement of the manual buy-side trader is currently in focus across the industry, but, ultimately, trading desks are still in need of a human being to understand and digest what is happening, saysAndy Maack, head of FX trading at Vanguard.<\/p>\n
Automation is great until it doesnt work. This is when you need humans to really step in.I dont see a complete elimination of the buy-side trader,he says.<\/p>\n
Maack believes combining automation with buy-side traders to make them work<\/p>\n
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