US sets trend for high bonuses

Forex dealers anticipate year-on-year increases of up to 50% in their annual packages, on the back of a highly lucrative year in foreign exchange as major and emerging markets currencies went haywire.

An unusually active fourth quarter in particular boosted many traders’ profit and loss accounts as they wound down for year-end, sending up bonus expectations accordingly.

"December has been a very good month and FX has had a nice solid rebounding year at most shops," said one head of FX options