Wall Street’s Bonus Culture Gets Reshaped by Machines

The video discusses the commoditization of trading, driven by electronification and regulatory changes. Chris Purvis from UBS highlights the shift in workforce dynamics, with a focus on attracting tech-minded individuals rather than those seeking high incentives. Despite tech companies moving into finance hubs, pay remains constrained due to margin compression. The future of finance is expected to be more tech-oriented, with challenges in attracting talent due to changing market conditions.

How has electronification impacted the trading market according to the text?

What does Chris Purvis suggest about the future of trading?

What kind of mentality does Chris Purvis want in the future workforce?

What challenges does Wall Street face in terms of compensation?

Why is attracting new talent to trading firms becoming difficult?