Andy Maack: I dont see a complete elimination of the buy-side trader

Automation as a replacement of the manual buy-side trader is currently in focus across the industry, but, ultimately, trading desks are still in need of a human being to understand and digest what is happening, saysAndy Maack, head of FX trading at Vanguard.

Automation is great until it doesnt work. This is when you need humans to really step in.I dont see a complete elimination of the buy-side trader,he says.

Maack believes combining automation with buy-side traders to make them work

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Original post:

Vanguard: automation is great until it doesn't work - FX Week