Markets Magazine
Wall Street’s Big Banks Are Waging an All-Out Technological Arms Race
Dimon, Blankfein, Gorman: Three great rivals are battling to control the $58 billion-a-year equities industry.
Sunlight bounced off Goldman Sachs Group Inc.’s glass-and-steel Manhattan headquarters on a warm August morning in 2013. Eyes locked on their screens, traders and engineers shifted in their seats as exchanges prepared to open.
Unbeknownst to anyone, the machines were about to revolt.