By the fall HSBC will have 400 low-cost employees in Hyderabad, Indiaand Guangzhou, China electronically executing simple instructions for HSBC's 8 million U.K. customers, freeing up the U.K. back rooms to work on more complicated tasks.
They wanted 100-percent virtual (Zoom or Skype) meetings and wanted to electronically execute my contracts.
"Business processes that once took place among human beings are now being executed electronically," Mr Arthur writes.
It also seeks to push more Treasury functions to be executed electronically, as the department still issues about 56 million paper checks annually.
Take purchase orders and invoices, which are issued automatically, or self-service supplier catalogs that are executed electronically.
And now we're in a position where, on the trading floor at the New York exchange, probably 70% or so of the business is executed electronically.
Under Reg NMS, by contrast, the SEC decreed that market orders be posted electronically and immediately executed at the best price available nationally.
And when they put a black box in the middle of it, when they start executing electronically, the SEC says you have to create it, you have to call it an ATS, an alternative trading system.
(c) Lord Keynes.20 What is the next number in this series, and why? 0.005, 0.008, 0.18, 1.3, 4.3(a) 7.9 (b) 23 (c) 176(Three points for answering both questions; no points if you get either answer wrong).21 Who was Paul Jernigan?(a) An executed murderer whose body has been electronically recorded as the so-called "Visible Man".
