One group of traders is looking forward to a big bump in bonuses
Rates traders are making it rain.
The rates business has been the standout performer on Wall Street in 2016, with revenue at $21 billion for the first nine months of the year, according to Coalition, up 24% from the same period.
And early indications suggest total compensation will increase for the top performers.
According to an annual survey by the Wall Street recruiting firm Options Group, total compensation for rates traders in the US will be up 9% from last year on average. For rates salesp
Read more »