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Trader Digest: Pilots Swap the Cockpit For Trading Screens

This week in Trader Digest we’ve seen JP Morgan’s success over frenzied trading during the pandemic, pilots are exchanging their seats in the cockpit for the trading floor, and David Attenborough gives us a rather bleak vision of the next 100 years...

WHAT WE’RE READING

The last Hurrah for Wall Street’s Trading Bonanza? Not So Fast
‘In July, Jamie Dimon warned that JPMorgan’s trading revenues might halve in the second half as market conditions returned to more normal levels. That was much too pessimistic’ FINANCIAL NEWS

The Rise of the Retail Trader: A Short History of How Trading Became Accessible
‘Once upon a time not so long ago, the world of trading looked vastly different. To determine where to invest, a trader had to listen to the radio, read the daily newspaper, maybe even visit the library to research particular industries and individual companies.' CITY A.M.

Pilots Swap the Cockpit For Trading Screens
‘Take five underemployed pilots. Give them intense markets training, add in an investment portfolio to experiment with, pit them against a control group from other backgrounds, and see what happens.’ FINANCIAL TIMES

Goldman Sachs Adds Polish to Trading
‘When it comes to Wall Street trading, Goldman Sachs Group is doing more with less.’ THE WALL STREET JOURNAL

Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps
‘It’s being called the “big bang,” and it has derivatives traders on high alert.’ BLOOMBERG

WHAT WE’RE LISTENING TO

A Volatility Arbitrage Trader on Markets in 2020
'It's been an extraordinary year for traders of volatility. We had the crisis, we had this incredible surge in retail call options buying, and we have the election coming up. On this episode, we speak with Kris Sidial, a co-founder and VP at The Ambrus Group, to discuss volatility arbitrage trading in this extraordinary environment.' BLOOMBERG

The Best and Worst Performing Stocks During Covid-19

Leaded petrol, acid rain, CFCs: why the green movement can overcome the climate crisis
‘Guardian environment correspondent Fiona Harvey discusses why the last 50 years of environmental action have shown how civil society can force governments and business to change and why that should give campaigners optimism for the future’ THE GUARDIAN

WHAT WE’RE WATCHING

David Attenborough: A Life on Our Planet
‘A broadcaster recounts his life, and the evolutionary history of life on Earth, to grieve the loss of wild places and offer a vision for the future.’ NETFLIX