January 28th, 2007, 7:17 pm
Hi jamesnowak,You should be the most capable of answering this question as only you, and your previous employer, have experienced your P&L first hand. Many times I think traders have in mind a percentage of the P&L they can produce as their bonus figure. Since none of us know how much money you can produce given the risks you take (we can have some ideas given the description of your products, but who knows, you could be the John Arnold of bond trading), we cannot give you any solid advice. Since I have no first hand experience in the bond trading field, I do not even know where to start in terms of a percentage of book. Also, it depends on what kind of company at which you work. Hedge funds usually pay out more of your performance than investment banks. Also, heed DCFC's advice if you are thinking of getting into the field. If you've recently read Liar's Poker and are basing your career decisions on it, you should know that much of it is very irrelevant now.