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A New Breed of Trader on Wall Street: Coders With a Ph.D.

February 23, 2016

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The mood in the markets may be getting grimmer, but in the booming world of exchange-traded funds, people just want to party.

And so it was last month at the $2.8 trillion industry’s annual jamboree in South Florida, where 2,200 investment advisers and fund salesmen came together for three days of hard drinking and product pitching. Against a backdrop of New Orleans jazz bands and poolside schmooze-fests — some call it spring break for the E.T.F. crowd — one event stood out, though.

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