US Salaries Survey Shows Pays Static For Five Years
NEWS
NEW YORK--FX traders earn less than they did five years ago, while other forex roles have suffered a pay freeze over the same period says the latest industry salary survey on the New York market.
Average base salary for a forex trader at the vice president level is $150,000 this year--down from an average of $165,000 in 1995, according to the 2000 KPA Financial Services Industry Salary Survey.
And the same is true further down the trading scale. Assistant vice president forex traders earn an
More on People
Citadel Securities’ head of electronic FX departs
Kevin Kimmel’s departure comes just two weeks after the resignation of sales director Brian Seegers
HSBC appoints Benihasim as global FX head
Hong Kong-based Benihasim replaces Richard Bibbey, who moved to London to run institutional sales
IMC appoints head of FX trading
Ex-UBS exotics head Ramon Puyane to join Dutch market-maker
Citi’s head of FX electronic platforms departs
Ala’a Saeed, who oversaw its single-dealer platform, leaves US bank
Deutsche adds three to FX sales team
German bank recruits institutional sales head in New York, along with hires in London and Paris
Nomura hires Leng for dual global FX trading roles
Hire comes as Nomura looks to significantly bolster its FX and macro trading division globally
Capitalab co-founder quits firm
David Bachelier leaves BGC-owned compression venture after seven years
Citi names Stuart Staley FX co-head
US bank’s Asia-Pacific markets head moves to London to work alongside Itay Tuchman
