Promotions and pay raises - these guys are doing well

Goldman Bonus Protest

At least some market professionals are on the up.

Bloomberg News reports that at Deutsche Bank, Credit Suisse and Morgan Stanley, equity-trading executives have taken the reins of their banks’ entire trading divisions in the past two months.

Average pay for equity traders is likely to climb for a third straight year in 2015, while bond traders face an equal streak of declines, according to a report from recruitment firm Options Group Inc.

Jumps in equity-trading revenue topped those in fixed income at eight out of 10 of the biggest European and U.S. banks in the third quarter, data compiled by Bloomberg show.

During the past five years, equities outperformed that strongly only in 2013. Total third-quarter equity-trading revenue grew 3% from a year earlier, while revenue from fixed income, currencies and commodities fell 17%.

Hit the link below to access the complete Bloomberg News article:

Stock Traders Reap Promotions and Pay as Bond Brethren Laid Low

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