Trading

Trading giant DRW boosts pay and headcount in London

The US-based firm paid UK staff an average of £370,883 last year

The high-frequency trading shop is doubling down in the Square Mile
The high-frequency trading shop is doubling down in the Square Mile Photo: Mike Kemp/Getty Images

UK staff costs at US trading firm DRW spiked 57% last year as it added headcount and boosted average pay.

DRW paid 322 staff a total of £119.4m last year, according to registry filings for DRW UK Partners LLP, its main British entity.

WSJ Logo
110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink