NEW YORK, Nov. 9 /PRNewswire/ -- In its debut issue, Trader Monthly
Magazine has compiled a list of the top 100 financial traders in the world --
and the results are astounding.
The 98 men and 2 women named in the "Trader Monthly 100" earned a combined
$5.82 billion, with a median income of $25 million. "This list proves that
Trader Monthly magazine is an idea whose time has come," says Randall Lane,
the magazine's Editor-in-Chief. "It's a way to recognize the most talented
members of the trading community, while inspiring the rest of the industry.
I'm sure that next year's list will have many different names on it -- it's
the nature of this particular business to have a lot of volatility."
"This is the first list ever to separate traders into specific
categories," says Senior Editor Richard Blake, a National Magazine Award
finalist last year, who oversaw the four-person team that compiled the "Trader
Monthly 100." "We have hedge fund traders, Wall Streeters, buy-side guys, and
other types of traders. We wanted to show the top traders in the various
Interesting facts from the "Trader Monthly 100" include:
* Hedge fund superhero Stevie Cohen led the pack, with an estimated annual
income north of half a billion dollars.
* Nearly 25% of the people on the list changed jobs within the past two
years; 17% switched jobs in the past year.
* The average age of a Trader Monthly 100 member is 41.5 -- the youngest
is 27-year-old Andy "Braveheart" Priston, who took home between $10 and
* The three most trader-friendly cities are New York (56), London (17) and
* Not a single NYSE specialist made the list, which bottomed out with
traders making "only" $5 to $10M -- especially shocking in light of
former chairman Dick Grasso's controversial compensation package.
* Two women were included in the "100" -- J.P. Morgan Chase's Angie Long
of New York, and Margie Teller, who trades on the Chicago Mercantile
For inclusion in the "Trader Monthly 100," people were required to be
actively trading during 2003. Trader Monthly is looking for the next
generation of Englanders, Robertsons and Soros'. The salary ranges provided
were conservatively stated after discussions with hundreds of industry sources
and in most cases with the traders themselves.
For a complete copy of "The Trader Monthly 100" and Trader Monthly
Magazine, please contact us.
Trader Monthly Magazine is the magazine for professional traders who want
to "SEE IT, MAKE IT, SPEND IT." Trader Monthly is the first publication of
Doubledown Media, LLC. 36 West 44th Street, New York, NY 10019, (212) 719-
9500. TraderDaily.com is the magazine's online home, with content updated
SOURCE Trader Monthly Magazine