Bonuses for London commodities and rates trading chiefs plunge

Plunging commodity prices and rock-bottom interest rates this year have cut bonuses for managing directors (MDs) on commodity and rates trading desks in London by as much as 60 percent. Figures from salary benchmarking site Emolument (www.emolument.com) show that commodities managing directors bonuses this year averaged 150,568 pounds ($234,886), compared with 373,000 pounds ($581,880) last year. The average bonus of managing directors on rates trading desks this year stands at 296,902 pounds ($463,167), down just over a third from 460,000 pounds ($717,600) last year.

This article was published in Dailymail, 7th August 2015