ROBOT

traders are taking on more bond dealing at Goldman Sachs as the US bank tries to make savings.

The lender has expanded its computer-operated business, trebling the number of bonds it handles to more than 7,000.

Goldman and its rivals are eyeing up opportunities to cut expensive staff. It is reportedly planning to expand its robot bond business into low-rated junk debt this year. The system creates accurate prices for investors by pooling vast amounts of electronic data.