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trading volumes going down
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Low trading volume was cited as the reason for the layoff of 8% staff at Knight Trading
DominiConnor
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I perceive this as part of what people tell me about their risk aversion at a corporate level.
The impression I get is that if an outfit is close to it's targets, there is a strong asymmetry in utility between making an extra X above target and making X less (or making / losing X)
This strongly affects not only bonus calculations but in some cases their chances of keeping their jobs.
But that's just 2nd/3rd hand stuff I hear and aggregate, something else may be going on as well.
The impression I get is that if an outfit is close to it's targets, there is a strong asymmetry in utility between making an extra X above target and making X less (or making / losing X)
This strongly affects not only bonus calculations but in some cases their chances of keeping their jobs.
But that's just 2nd/3rd hand stuff I hear and aggregate, something else may be going on as well.
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