2 ms·
Traders who just forwarded phone orders didn't make that much. The bank only gets the commission, there's not much the trader can do to increase profits. The hu
by dx034 10y ago
Traders who just forwarded phone orders didn't make that much. The bank only gets the commission, there's not much the trader can do to increase profits. The huge bonuses are/were in prop trading, not in executing client trades.
- anigbrowl 10y agoAll true, but I've never met a securities trader who wasn't ambitious, and ones that aren't don't tend to get hired. I'm still betting on the suspender brigade over the pocket protectors.