It is once again a good time to work on a trading desk
trading desk is perhaps the closest an office job can get to a sport. Focus and reflexes matter. On the other side of every trill of the phone or ding from a computer is a client who wants to trade. If ignored, they will hang up and call a competitor. Everyone is sweating, owing to the heat wafting up from stacks of computers whirring at capacity. On a busy day, it is impossible to leave the desk—making the job a feat of endurance.
Or at least that is how it was a couple of decades ago, in the good old days. Following the global financial crisis of 2007-09, life sapped from the trading floor. Stringent new rules curbed profits. High-frequency traders ate banks’ lunches, especially in stockmarkets. For its part, the global economy was in a stupor, having been tranquillised by low interest rates. Markets moved linearly, with equities drifting up and bond yields slipping down.
This article appeared in the Finance & economics section of the print edition under the headline"Take-off"
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ardersier Port secures £100m credit boost from government-backed banksThe development, part of the Inverness and Cromarty Firth Green Freeport site, is expected to open in 2025 and will support hundreds of jobs.
Read more »
World’s biggest banks ‘financed fossil fuels by £5.5tn since Paris Agreement’The 15th annual Banking On Climate Chaos report found that banks including Barclays and HSBC committed 705 billion dollars to fossil fuels in 2023.
Read more »
World’s biggest banks ‘financed fossil fuels by £5.5tn since Paris Agreement’The 15th annual Banking On Climate Chaos report found that banks including Barclays and HSBC committed 705 billion dollars to fossil fuels in 2023.
Read more »
Falsely jailed Andrew Malkinson is forced to use food banksAndrew Malkinson relies on a foodbank and was homeless after he was wrongly jailed for 17 years.
Read more »
No banks in town a 'massive issue' but new hub a 'saviour'The Post Office Banking Hub in Stapleford opened around a month ago
Read more »
Savvy savers take revenge on banks: £5bn drained from current accounts in bid for better returnsThey are piling billions into accounts paying a higher return, new analysis shows, giving banks a headache.
Read more »