Banks and broker-dealers are planning to add headcount in equities electronic-trading roles, bucking the trend in other Wall Street businesses where workforces are being cut.
More than half of US sell-side firms plan to expand their equities electronic desk coverage in the next year and a half, according to a survey of 25 firms by Coalition Greenwich. Almost 30% say they expect to add headcount in execution and analytics consulting, while roughly a quarter report plans to hire in algorithmic sales.
