Sales and trading desks at major banks have flourished in a volatile market, experiencing record-breaking revenues in the first half of the year. Institutional clients such as hedge funds and pension funds have increased their trading activity in stocks, bonds, and derivatives. With the slump in dealmaking, these desks have captured the spotlight on Wall Street. Iliana Bouzali, cohead of equity derivatives at Morgan Stanley, emphasized the distinctive environment of the trading floor, describing its high-energy and flat hierarchy where problem-solving is collaborative, irrespective of titles.
"The energy of a trading floor is like nothing else. It's not for everyone, but if you like it, you love it. It's a very flat architecture, there's no hierarchy. If you have something useful to say, you say it."
"With the current volatility in the market, there are more price swings, more trading opportunities, and more client activity than ever before. Sales and trading desks have thrived as a result."
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