As weeks at home stretch into months, it’s likely that Wall Street will be permanently changed by the coronavirus outbreak, according to traders, bank executives and the CEOs of tech vendors used by banks.
Moran Forman, a 33-year old Goldman Sachs managing director who runs a team of seven traders dealing in equity index derivatives, says technology allows her to feel so connected to her coworkers and clients, she rarely misses being at the firm's headquarters a few miles to the south.
As weeks at home stretch into months, it's likely that Wall Street – which never before allowed traders to operate away from the floor – will be permanently changed by the coronavirus, according to traders, bank executives and the CEOs of tech vendors used by banks Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might ofForman, a 33-year old managing director who runs a team of seven traders dealing in equity index derivatives, says technology allows her to feel so connected to her coworkers and clients, she rarely misses being at Goldman's headquarters a few miles to the south.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is the Federal Reserve helping Main Street or Wall Street?The Federal Reserve pledged Wednesday to keep interest rates at current levels, while noting that the coronavirus pandemic will continue to weigh heavily on the economy.
Read more »
Microsoft reports third-quarter earnings, beat Wall Street estimates - Business InsiderMicrosoft reports quarterly revenue of $35 billion, beating Wall Street estimates as the coronavirus crisis drives demand for its cloud
Read more »
Wall Street sidesteps Musk lockdown rant as Tesla numbers improveWall Street brokerages gave a resounding thumbs-up to Tesla Inc's first-quarter numbers on Thursday, lauding the electric carmaker's improved gross margins and sending its shares 8% higher in trading before the opening bell.
Read more »
Tesla ‘pulls rabbit out of the hat’ with surprise profit, and Wall Street applauds itHighlights from $TSLA earnings: - Surprise profit 💰 - Same goal to sell 500,000+ vehicles - $895 million in cash burn for the quarter
Read more »