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Head Trader

Categories: Trading, Banking

"I'll give you 3 Grecian sculptures for 2 from the tomb in ancient Egypt and the remaining 8 from the motorcycles-over-knives jumping contest."

Yes, that would be the lingo of a head trader.

But...uh...perhaps more relevant to finance, a head trader is the back-stop in a proprietary trading sytem, usually inside of a bulge bracket bank or a huge hedge fund. That head trader basically assesses and manages risk, hires and fires the soldiers, and is either a hero or a dolt.

In good years, you can make bonuses (boni?) upwards of $50 million.

Bottom line: if you can be one of these people, you want to be one of these people.

Find other enlightening terms in Shmoop Finance Genius Bar(f)