What happens if you're a trader at Trafigura and you really don't want to move to Switzerland?

Trafigura has moved all its traders from London to Geneva so that they can be together, 'under one roof.' According to Reuters, the displacement's a done deal: it happened last week.

But not everyone likes Switzerland. In January, Frederic Denjoy, a trader at Brevan Howard, who moved to Switzerland in 2010, moved back to London again - even though he's half Swiss. And when BlueCrest tried to move some of its traders to Geneva a few years ago, headhunters reported that some of them started looking for alternative jobs in Mayfair instead.

Similarly, there are reports of financiers pining for London after finding a stifling lifestyle and petty rules that are rigidly enforced in Geneva.

So what if you're a Trafigura trader and you really don't want to go?

Most banks are reluctant to increase their commodities headcount this year after a difficult 2010.

Outside of the banking sector, however, it's looking a little more buoyant.

Speculation is mounting that Glencore's flotation will encourage hiring and recruiters say Mercuria, Cargill, BHP Billiton, Bunge and Louis Dreyfus are all hiring.

There are also opportunities with commodity brokers, with Marex Group continuing its London hiring spree - it plans to add 55 staff in London this year. ICAP is also rumoured to be building its commodities team.

Trafigura refugees may find themselves competing against banks' commodities traders for these roles. Greg Beszant, head of commodities at recruitment firm Selby Jennings says people are keen to get out of banks and into commodities houses. It helps that commodities houses will sometimes offer a percentage package. Banks, generally, won't.