{"id":80610,"date":"2018-07-14T02:22:23","date_gmt":"2018-07-14T09:22:23","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2018\/07\/wall-streets-big-banks-are-waging-an-all-out-technological-arms-race"},"modified":"2018-07-14T15:15:53","modified_gmt":"2018-07-14T22:15:53","slug":"wall-streets-big-banks-are-waging-an-all-out-technological-arms-race","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2018\/07\/wall-streets-big-banks-are-waging-an-all-out-technological-arms-race","title":{"rendered":"Wall Street\u2019s Big Banks Are Waging an All-Out Technological Arms Race"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/wall-streets-big-banks-are-waging-an-all-out-technological-arms-race2.jpg\"><\/a><\/p>\n<p>But constraints brought about by the financial crisis ended the leverage that had fueled the boom. Fixed-income traders felt the brunt of the changes, and in the years since, equities traders \u2014especially those with a technology background\u2014have enjoyed a renaissance. Their rise has touched off a battle for supremacy that\u2019s come down to only three companies: Goldman Sachs, Morgan Stanley, and JPMorgan Chase. These rivals are now locked in a technological arms race to control a $58 billion-a-year industry. As they each jockey for an edge over the other, no one who trades on Wall Street is safe.<\/p>\n<hr>\n<p>Dimon, Blankfein, Gorman: Three great rivals are battling to control the $58 billion-a-year equities industry.<\/p>\n<p><!-- Link: <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2018-04-05\/wall-street-s-big-banks-are-waging-an-all-out-technological-arms\">https:\/\/www.bloomberg.com\/news\/features\/2018&#45;04&#45;05\/w...gical-arms<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>But constraints brought about by the financial crisis ended the leverage that had fueled the boom. Fixed-income traders felt the brunt of the changes, and in the years since, equities traders \u2014especially those with a technology background\u2014have enjoyed a renaissance. Their rise has touched off a battle for supremacy that\u2019s come down to only three [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-80610","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/80610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=80610"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/80610\/revisions"}],"predecessor-version":[{"id":80635,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/80610\/revisions\/80635"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=80610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=80610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=80610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}