Discover your dream Career
For Recruiters

Lunchtime Links: Cantor Fitzgerald wants 100 equity derivatives traders, mostly in London

We may have been premature in saying yesterday that equity derivatives traders aren't in demand after all: Cantor Fitzgerald wants 100 of them.

Bloomberg reports that the US-based brokerage firm has determined that this is a, "once in a lifetime opportunity" to expand its equities business, particularly derivatives and convertible bonds.

That opportunity is deemed greatest in London, where the chief exec of Cantor's equities business says, "capital-markets divisions had been controlled by larger banks who are having difficulties now."

Macquarie is in danger of losing all its senior staff after paying terrible bonuses. (Financial Times)

Macquarie has hired a global head of Delta 1 from BNP Paribas. (Bloomberg)

BlueCrest has hired yet another trader from Morgan Stanley. (Hedgefund.net)

An ex-Goldman Sachs trader is opening a hedge fund with just $5m. (Hedgefund.net)

Another senior banker (head of equity syndicate) is leaving Citigroup. (Financial News)

You can always spot a hedge fund manager by his bracelets. (Dealbreaker)

"The golden rule of the banking culture was simple: if you win, you are in the right; if you lose you are wrong and you're out." (Independent)

Arthur Laffer: tax hikes and the 2011 economic collapse. (WSJ)

Hungary plans a flat 16% personal rate of income tax. (Reuters)

author-card-avatar
AUTHOReFinancialCareers UK Insider Comment
  • tb
    tbonds
    11 June 2010

    Think twice before joining Cantor. Morale has been low there for a while.

  • co
    confused
    9 June 2010

    @Spacestation - winding up berks like you

  • Sp
    Spacestation
    8 June 2010

    @ confused: EQD id Equity derviatives. WTF are you doing on these pages if you don't know it, or cannot even use google to find out?

  • NN
    NNT
    8 June 2010

    EQD = credit derivs. trading. Simples.

  • co
    confused
    8 June 2010

    WTF is EQD?

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.