Look out, Wall Street -- the robot revolution has begun

The robot revolution has arrived on Wall Street. The JPMorgan Chase & Co. LOXM program is so good at equities trades that it's replacing humans who used to do that work. Goldman Sachs is automating the initial public offering process. Vikram Pandit, formerly of Citigroup Inc., told Bloomberg that 30 percent of banking jobs may be gone within five years thanks to advancing technologies. Two Sigma co-founder David Siegel is also concerned that automation will soon force large portions of the workforce into obsolescence.