November 28, 2018
As markets get wilder, some Wall Street traders are getting richer.
The return of volatility might be making many rank-and-file investors queasy, but it is proving to be a boon to some trading desks at the biggest banks.
Many desks focused on derivatives tied to stocks are set to generate billions of dollars more in revenue this year, as choppy markets give traders more opportunities to make lucrative, against-the-grain bets on these financial instruments. It is a contrast to recent years, when these desks slumped amid calm and steady markets.