DrKB Shapes Proprietary Team To Emulate Hedge Fund Sector

FRONT PAGE

LONDON--Dresdner Kleinwort Benson (DrKB) has introduced a performance-related bonus package for its proprietary team, which reflects the risk-adjusted performance of an individual trader's strategy, says Lauwerus van Eesteren, manager of proprietary trading in London.

The model uses an annualized Sharpe ratio as a performance benchmark and traders receive a percentage of desk profits.

DrKB's move reflects the industry trend towards performance-related pay in the FX spot and forward markets. Ho

To continue reading...