Why are banks & trading desks hiring so many new commodities traders ?

Discussion in 'Commodity Futures' started by J-Law, Sep 5, 2009.

  1. Because the previous ones blew up.
    As simple as that.

    They naively think the new ones will be better, until they blow up again.
    Thus, a neverending cycle.
     
    #21     Sep 8, 2009
  2. J-Law

    J-Law

    Yes, new blood would explain the hiring spree. But, they are not all traders contrary to what was said. they are trade checkers, trade support, margin clerks, & back office people on a whole. They are the support staff that handle the volume of the trades.

    It may be just a good time to position yourself after the credit implosion if your a bank, FCM, or brokerage. One thing is certain though they do not hire up in the futures business if the volume isnt there. & if prices rise, mkts invert you will see volume.

    Tail vs dog...doing the wagging.
     
    #22     Sep 8, 2009
  3. monty09

    monty09

    pm me for a list of headhunters

    markets pretty tight in houston and decent for exp people
     
    #23     Sep 9, 2009
  4. J-Law

    J-Law

    A year & half later...... I think their planning prep is probably paying a dividend.
    Crude has been moving.
     
    #24     Jan 30, 2011