Goldman moves to automate London trading division

Wall Street giant is aggressively hiring tech staff for team to help roll out its high-tech Marquee platform in the UK.

Goldman Sachs is taking radical action to replace traders with computers in London.

The Wall Street giant is launching its flagship automated trading platform in the UK, a move that is likely to lead to job cuts among its high-powered traders in the country and could revolutionise the way the bank deals with European clients.

Since January, Goldman Sachs has quietly been hiring a team to roll out its high-tech Marquee platform in the UK and has stepped up recruitment in the past few weeks for a European launch. The system is designed to automate more trading functions and reduce the need for human interaction with clients.

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