Je suis trader dérivés actions pour une grande banque d’investissement depuis plus de 20 ans. De tout le temps passé à ce poste, les deux derniers mois ont été les meilleurs, et de très loin. Pour la première fois de […]
Tag: Traders
Some traders are already excited about this year’s bonuses
It’s early in the year to be thinking about your bonus, but given there probably won’t be much in the way of summer holidays in 2020 and people like to have something to look foward to, thoughts are already straying […]
Trading floors locked down as air purifiers shipped-in
It’s not just social distancing or working in back-up offices miles away from London and Wall Street that might slow the spread of the virus in banking. Banks are also implementing strict isolation procedures for trading floors. And some in the industry are putting […]
“20 hours a day of absolute misery”
The week has barely begun, but some people in finance are already exhausted after another day of plunging stocks and circuit breakers despite huge policy interventions from central banks. Some have had enough. “People look exhausted from all the drama today,” says a senior emerging […]
The real problem with asking traders to work from home
As the coronavirus gathers pace and banks shunt traders to out of town locations and split teams in an effort to reduce cross-contamination, it’s becoming clear that unless the virus ebbs this will probably only end one way: top traders will be asked to work in […]
Big salaries and small bonuses for unwanted traders at NatWest Markets
Something nasty is coming for rates traders at NatWest Markets (previously known as RBS). The British government-owned bank announced its results for the fourth quarter and full year 2019 today and as feared new chief executive Alison Rose wants to shrink what remains of the […]
HSBC traders fearful for bonuses despite strong year
As bonus season approaches, sources say HSBC traders are particularly nervous about coming announcements. Even after a strong year in areas like rates trading, the bonus pool is likely to be down considerably. Bonus apprehension at the international bank was […]
“Bankers are hedonists. Traders are technicians”
As a trader with a bank, I want to address my colleagues in the investment banking division (IBD) who complain about how hard they work. We all work hard in finance. I know that you sometimes work late. I know that you […]
Traders of the future will lead a far more contemplative life
Traders are usually very well paid. But that pay comes with long hours. UK equity markets currently open between 8am and 4:30pm. That doesn’t sound so bad, but traders have to be at their desks at least an hour before […]
100 hour weeks for bankers, 70 hour weeks for traders?
“So what are the hours like…?” If you’re starting a career in banking, you shoud never ask this in an interview. Outside of an interview, however, it’s a reasonable question to ask. After all, everyone knows that working hours across banking are long. […]