North American Bonuses Hit By FX Industry Consolidation
BANKS
The widespread consolidation in the New York market last year translated into bonuses that may have left much to be desired; however, as always, the big producers and dealers at some of the larger institutions did receive generous handouts, according to dealers interviewed by FX Week.
One trader who recently left a large volume trading room (post-bonus) to join a much smaller revenue-producing bank, says that he is "happy" with his bonus, as are his friends at other large shops. The move from the
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