'I've never seen it like this in 10 years': How the VIX blow-up led to a talent raid on Wall Street

Equity derivatives traders have become the focus of an intense Wall Street hiring battleground. There have been more than 40 moves at the level of vice president or higher in equity derivatives in the US this year, according to one headhunter. Multiple factors are driving the trend, but the catalyst that opened the floodgates was the blowup of the Cboe Volatility Index earlier this year, according to industry insiders. Some derivatives traders feasted on the spike in volatility, earning in...