Commonwealth Bank of Australia is planning to expand its Sydney-based equity derivatives business with additional hires in the coming few months. "We're gaining traction," said Stephen Richards, head of equity trading and risk at CBA.
The resurgence in the equity market after the fiscal year end in June, coupled with the bank's growing emphasis on equity derivative products for retail and private clients, means it is growing the desk. The firm is looking to hire two equity derivative traders for the team.
