The markets were now run by technology, but the technologists were still treated like tools. Nobody bothered to explain the business to them, but they were forced to adapt to its demands and exposed to its failures-which was, perhaps, why there had been so many more conspicuous failures.
The quote reflects a significant shift in how financial markets operate, emphasizing the dominance of technology in trading. Despite this reliance, technologists, who play a crucial role in building and managing these systems, are often viewed simply as instruments rather than pivotal contributors. This disconnect suggests a lack of communication and understanding between the tech developers and the business side of finance.
This situation may lead to a higher rate of failures within the market as technologists are not adequately informed about the broader business context. Their forced adaptation to a complex and sometimes opaque environment can result in misalignments and errors, which exacerbates the issues faced in high-stakes trading environments. The dynamics highlight the importance of collaboration and clarity between technology and finance to mitigate risks and enhance performance.
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