FX Traders Find Job Market Tough Going In Singapore
BANKS
The job market for foreign exchange traders has hit a rough patch as the major players continue to cut costs to accommodate slower growth and pressure on margins, sources say.
Some of the traders let go in a recent round of "down sizing" have not be able to find new placements as the industry is "swamped with traders", these sources add.
The slowdown has been in train for some time. The average profit of bank treasuries dropped 55 per cent to $7 million in 1994 from a year prior, according to the
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