Bonuses expected to plummet in 2008

"FX stars delivering big profit and loss increases during 2007 would normally expect bonuses to significantly improve," David Rickford, managing director of DR Search International in London told FX Week. "But this year, traders and salespeople are being told to expect bonuses along the same lines as 2006."

A new report by executive search and consulting firm Options Group predicts payouts on global fixed-income desks to fall by between 15% and 20%. Fixed-income desks in Europe and the US are