Published On: Mon, Feb 8th, 2016

A Dying Breed: Currency Traders Are Left Out of New Wall Street

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Charlie Stenger, a currency-broker-turned-recruiter, has seen it all. One fired trader wept in his office. Another admitted he hadnt told his wife he was unemployed, and left the house every day in a suit to sneak off to a coffee shop. Then there are the delusional guys, who carefully explain how they’re not interested in jobs that don’t pay as well as those they just lost.

Stenger, who was laid off from ICAP Plc in 2013 and now works for Sheffield Haworth Ltd., tells the men and women he counsels: Take the pay cut. Oh, and don’t wait for the phone to ring.

“This is crunch time — it’s not looking good, ” Stenger said. “This is a shrinking pond.”

Read the full story at Bloomberg, by Lananh Nguyen

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