UK
Company: Flow Traders
These are the high frequency trading firms that are recruiting. Whether they’ll hire you is another question
Financial News has an article today suggesting there are jobs on offer at high frequency trading firms. “Getco, Tower Research Capital-owned Spire Europe and US proprietary firm Sun Trading are ramping up their trading teams,” it claims. This would appear to be true. Our own research among the leading high frequency trading firms confirms that [...]
How much are you REALLY worth?
There’s not much happening in terms of front office hiring at the moment. Senior London headhunters inform us sadly that recruitment now is more arid than it was even in 2009. Unsurprisingly, therefore, employers are unwilling to pay substantial uplifts to attract new hires. Once, it wasn’t uncommon to negotiate a 50% pay rise for [...]
GUEST COMMENT: Why I am built to be a trader
I’ve written on here before, but as a reminder, I am the guy who asked the CEO to help me move out of the middle office. That was six months’ ago. I’m still in the middle office, but I am determined to get out. I know that trading is my vocation. I entered the City [...]
GUEST COMMENT: There are plenty of mediocre bankers at Golden Sacks
I’d like to make a confession: I once worked at Goldman Sachs. Does this make me a money grabbing, elitist, higher performer? I like to think not. It does, however, mean that I’m viewed with a degree of admiration by all the people who’d like to have worked there, but haven’t. I have plenty of [...]
Ample opportunities for equity derivative flow traders in 2010
The European equity derivatives market may have fared much better in the second half of 2009 than the first, but it’s the coming 12 months when the sector is really tipped to grow. As a result, many investment banks are beginning to build their trading teams. US research firm Greenwich Associates has just completed its [...]
EDITOR’S TAKE: The mutant post-Lehman employment scene
It’s now fairly clear what impact Lehman’s evisceration has had on the investment banking employment market, and it’s not entirely as expected. 1) Broker dealers are still hot One year after the broker dealer model was proclaimed deceased and everyone thought banks would come to resemble Thames Water, the arch broker dealer has gone from [...]
Lunchtime Links: Adair Turner says aggressive hiring of traders is occurring
Adair Turner, chairman of the Financial Services Authority, is in the Financial Times today making some encouraging noises about traders. According to Lord Turner, “aggressive” hiring of traders by investment banks has been spotted and there are signs of [complacent] banks returning to business as usual. We, however, think there’s a possibility that Lord Turner [...]
Maybe Goldman traders are still making money after all
De-risking is de-rigueur, but this doesn’t mean all GS traders are losing out. According to a note issued last week by Bernstein Research, Goldman has indicated that its trading performance will be unaffected by new leverage limits associated with becoming a bank holding company because – …widening bid-offer spreads and less competition in the marketplace [...]
Agency salespeople hot, proprietary traders not
While proprietary traders are about as popular Adam Smith at a Marxist reunion, agency salespeople are emerging as the new hot thing. This does not mean banks are actually hiring for their agency businesses, but nor are they particularly firing. And smaller brokers are building up. Euromoney recently highlighted the resurgence of agency businesses at [...]
GUEST COMMENT: Harder, not impossible, for juniors to find jobs
I’ll be frank: if you’re a junior banker, this is not an easy time to find a new job. Juniors with two to three years’ experience tend to suffer disproportionately during any crisis and this time is no exception – it’s frequently the juniors who are being let go. At the same time, recruiters have [...]
Follow eFinancialCareers
What is RSS?
Advice
