Fast money
Sydney HFT traders pocket record bonuses.
Good morning.
Sydney’s high frequency traders are having a vintage year, and their paycheques prove it. Capital Brief’s Jack Derwin dug out the numbers. Optiver paid its 433 staff an average of $1.42 million last year, up from $1.14 million. IMC’s average jumped 29% to $624,165 and SIG’s rose 19% to $472,000.
It’s been a well-leveraged perfect storm of war-driven volatility, AI-powered trading and Sydney’s time zone advantage over Asia’s most lucrative markets. And so far, the house is winning.
| ▼ | ASX All Ords | 8,881 | -0.32% |
| ▼ | ASX All Tech | 2,765 | -0.44% |
| ▼ | Oil | $107.40 | -0.35% |
| ▼ | Gold | $4,705 | -0.21% |
| ▲ | Bitcoin | $80,957 | +0.25% |
| ▲ | Ethereum | $2,301 | +0.65% |
ASX 200 as at market close. Bitcoin in USD.
Market movers
| ▼ | ASX:CBA | $153.67 | -10.43% |
Shares in Commonwealth Bank had their biggest single-day fall on record after a quarterly profit that missed expectations, as analysts warned Labor’s negative gearing crackdown would slash investor mortgage demand. Jarden analyst Matthew Wilson flagged CBA was the most exposed of the major banks given it holds the country’s largest investor loan book.
