trending Market Intelligence /marketintelligence/en/news-insights/trending/wV5ghtf1pQ9hcd8ehMTGiQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Big banks building out in-house programming, quantum computing efforts

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Big banks building out in-house programming, quantum computing efforts

The largest Wall Street firms are expanding their in-house programming teams and pouring resources into quantum computing research, according to recent media reports.

Citigroup Inc. plans to add 2,500 programmers to its Institutional Clients Group, the unit that houses its traders and investment bankers, Bloomberg News reported, citing Stuart Riley, global head of operations and technology for the group.

The new recruits will be based in London; New York; Shanghai; Toronto; Dublin; Tel Aviv; the Indian cities of Pune and Chennai; and Tampa, Fla. They will work on projects in both equities and fixed income.

At JPMorgan Chase & Co. and Goldman Sachs Group Inc., as well as Citi, more investments are being made into quantum computing, which could allow banks to calculate risk and analyze positions in a fraction of the time traditional computers take, Financial Times reported, citing interviews with executives at the banks.

Citi Managing Director William Hartnett told the newspaper the technology could revolutionize risk management and trading.