Recruitment battle for commodity traders
Banks are pulling commodities traders out of retirement and doubling their salary guarantees as they fight for business in one of the few booming areas in Wall Street and the City of London.
The hiring spree comes after the S&P GSCI, the most popular commodity index, surged this year by almost 29 per cent – its largest jump in five years – thanks to a leap in raw materials prices such as oil, wheat or gold.
