Traders Brace for Robot Revolution

The video discusses the impact of robotics and advanced technologies on jobs, particularly in the financial industry. It highlights both job creation and loss, with a focus on how different sectors like asset management and trading are affected. Executives express optimism publicly but privately share concerns about job security. The transition to technology-driven roles is expected to be gradual, allowing time for preparation.

What is the initial impact of robots and advanced technologies on jobs in the financial services industry?

• They will only create new jobs.

• They will only lead to job losses.

• They will both displace and create jobs.

• They will have no impact on jobs.

Which area of the financial services industry is already using advanced technologies?

• Customer service

• Insurance underwriting

• FICC sales and trading

• Retail banking

What was the effect of technology on equity staff according to Gary Cohen?

• Increased the number of equity staff

• Had no effect on equity staff

• Reduced over half of the equity staff

• Doubled the equity staff

How do executives publicly describe the impact of technology on job opportunities?

• They are indifferent about job opportunities.

• They are upbeat and positive about job opportunities.

• They are neutral about job opportunities.

• They are pessimistic about job opportunities.

What is the expected timeline for the gradual implementation of technology in financial services?

• 5-10 years

• 10-15 years

• 15-20 years

• 20-25 years