Financial institutions hired aggressively to their trading teams in the last quarter and will continue to do so over the next three months, according to new research, despite a period of extreme market volatility in May contributing to lower sentiment and profitability among traders.

The number of securities traders recruited by the financial services industry during the three months to the end of June represented the fast rate of growth in this part of the industry since CBI and PwC began conducting their quarterly reports in 1989.