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)