There Has Been Brutal Culling Of Wall Street Traders

pcrowe@businessinsider.com (Portia Crowe), Business Insider
Wed, 02/10/2016 - 10:28am

Margin Call screenshotWall Street is not what it once was. More than 10,ooo jobs in sales and trading jobs have gone since 2010, with some business lines, like bond trading, especially hard hit. The top 10 global banks have seen a 30% decrease in fixed-income front-office headcount and a 16% reduction in equities front-office staff since 2010, according to the data-analytics company Coalition. They tracked front office headcount from 2010 until the first half of 2015 and looked at fixed-income revenue producers in areas like commodities, credit, FX, rates, securitization, and emerging markets. On the equity side, Coalition tracked the number of traders and salespeople in institutional cash equities, equity derivatives and convertibles, futures and options, and prime services. The stats highlight just how many sales and trading jobs have been lost in the five years.

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