Traders are finding themselves bored. In an article from Bloomberg:
One bond trader says he’s been slipping out early to watch his kids play sports. A fund manager says his office just staged a golf retreat. A trading supervisor at another bank confides he’s swiping through a lot of profiles on Tinder, the dating app. Welcome back, Wall Street, to the doldrums.After four straight quarters of rising income from trading, the biggest U.S. investment banks spent the past few months in a renewed slump. Shareholders will soon see how dull it’s been. Analysts estimate the five largest firms will say their combined revenue from trading dropped 11 percent from a year earlier to $18.4 billion -- the smallest haul for a second quarter since 2012. The banks start posting results July 14.
... Some traders said they are used to a slowdown near the end of any second quarter as colleagues take summer vacations. Others said they were filling their calendars, meeting with additional (often idea-hungry) clients. One senior sales executive said he was using the time to scoop up new hires, anticipating his firm will gain equity commissions as some rivals’ weak volumes force them to pull back.
So I'll ask you guys, what do you do at the office when you're bored?
Read Business Insider Find fun stuff to do around the city after work Plan vacations
Does your boss care if you do this on the job?
Hell no its not an hourly job..
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