Goldman sticking with fixed-income trading, but with fewer humans

• Unlike a number of other big banks which have announced big cuts in their fxied-income units, Goldman Sachs (NYSE:GS) has remained firm in its commitment to the slowing debt-trading business. But, write Lisa Abramowicz and Lionel Laurent, this doesn't necessarily mean a commitment to the number of people in the operation. The bank, they say, is busily preparing a future in which machines will handle much of the work.
• While electronic trading in corporate bonds isn't yet too big of a deal, it's market share has nearly doubled in two years. One example of how Goldman is responding is the "Goldman Sachs Algorithm," which allows investors to trade U.S. corporate bonds without having to communicate with a human.
• The leader in this field is MarketAxess (NASDAQ:MKTX), and it's price chart resembles a rocket ship launch.