Far too long between my industry updates so buckle up, this will take a while to read..... Stan James have announced they will making a series of redundancies in their trading department as they move further towards automated trading. As I tweeted yesterday, my only surprise to this news was that they hadn't fully automated their trading operations already. Every firm uses automation these days in varying degrees. Do you honestly think they manage 100+ live events manually? The prices will be generated by an algorithmic model (and/or external feed) and the trader will monitor the feeds and bet ticker to check everything is in order. These guys (SJ) are top of the pile when it comes to restricting clients/shutting 'unviable' accounts, it would suck to be a trader there. Controlled by beancounters, laying very little genuine action, and now Stan James, one of the original offshore rogues, will have to pay tax on all bets from the UK like everyone else. Will they go the sam
A blog about betting, trading, sport and some of the dodgy elements within them. www.sportismadeforbetting.com.