The transformation of open-outcry markets to screen-based trading means we need a more reflective, introspective kind of trader. Like other City jobs, real intellectual power and training is increasingly required if London is to maintain its edge.
There is always a shortage of very good people. I suggest three things are needed if the City is to find the right calibre of people and maintain its pre-eminence: closer co-operation between institutions and recruiters in defining and assessing the needs of both companies and candidates; a better-informed and more ethical recruitment consultant; and a joint initiative to determine what skills are needed.
Exchange Consulting Group, London.