Top FX traders flee banks to join buy side
FX investigations and lucrative pay lure FX traders to the buy side
Top currency traders are fleeing banks to take up positions on the buy side in a bid to escape becoming embroiled in the global currency trading probe, and as banks struggle to match lucrative compensation packages offered by hedge funds.
The accelerating regulatory investigation into currency markets has seen more than 20 people suspended so far, and some fired, which has led to an unprecedented exodus from the senior ranks of banks' currency trading operations. At the same time, more than 10
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