Rookie Traders Are Earning $400,000 in One Unlikely Markets Hub
- City has become an Asia-Pacific base for tech-driven trading
- Citadel Securities, IMC, Optiver hired rapidly, plan more
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Graduate traders are earning salaries of as much as $400,000 straight out of school.
But this isn’t New York, London or Hong Kong. It’s Sydney, where firms including Citadel Securities, IMC Trading BV and Optiver BV have established bases, hired rapidly and plan to employ even more. Elite recruits with math and science backgrounds can command up to that amount, people familiar with the matter said, asking not to be identified as the information is private.