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 categories." 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 $15M. * The three most trader-friendly cities are New York (56), London (17) and Chicago (8). * 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 Exchange. 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 each day.
SOURCE Trader Monthly Magazine