How many traders does a BB in fixed income on average employ?

Hi, I have very limited knowledge on S&T tbh. I was just wondering: how many traders does a top bb (say, Citi or Morgan Stanley) employ? and since im interested in fixed income, how many traders are there? take government bonds as an example: is there one market maker for, say, us treasuries, another for german bunds, and so on, or are does one cover several countries? how big is the sovereign debt trading desk at a bb on average?

thanks for any insights. im just asking as i really have no idea how many (or few) people there are

 

FICC is a very broad area so sort of an impossible question (ie some banks may do certain desks, some may not, some have gutted, some havent etc).

My 2 cents, for equity derivs vanilla options, on index you will have around 4-5, on single stocks around 4-8 (depending on how much flow there is).

Anomaly is one bank last year that only had 2 single stock options traders at one point.

 
derivstrading:

FICC is a very broad area so sort of an impossible question (ie some banks may do certain desks, some may not, some have gutted, some havent etc).

My 2 cents, for equity derivs vanilla options, on index you will have around 4-5, on single stocks around 4-8 (depending on how much flow there is).

Anomaly is one bank last year that only had 2 single stock options traders at one point.

ok thanks. so are there like 4+ traders handling only US treasuries, for example? i mean, at a top fixed income BB like Citi

 

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