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Article: Interest Spikes In FX Hiring.(foreign exchange)
- Article from:
- Investment Dealers' Digest
- Article date:
- November 29, 2004
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After a two-year buildup of their foreign exchange desks, banks' interest in hiring FX traders and technologists spiked this fall, especially for proprietary desks-in part because the currency business remains so attractive relative to the flat equities and corporate finance markets. Actual hiring seems to have slowed a bit at the moment, due to the usual hunkering down for the bonus season, but recruiters expect it to resume with vigor early next year after bonuses are paid.
"There's a lot of demand right now-and a lot of movement-as many banks are looking to retool their whole FX business," said Michael Karp, head of the Options Group.
Banks making ...