FIRST AIRED: January 19, 2018

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00:00:01
>> The US stock market his new highs again and again in the last 12 months, but for all the Wall Street enthusiasm, Wall Street traders are looking at big fat zeroes in their paychecks. That's right, little to no bonuses for traders at some of the largest banks, because while stocks soared, financial firms actually saw trading revenues drop.
00:00:21
Commodities in particular took a hit. Reuters correspondent, Catherine Nye.>> And so 2017 was kind of a wild ride. We saw the first half of the year with a lot of fluctuations within power and gas and that caused a lto of hedge funds and a lot of banks to lose a lot of money.
00:00:36
And second half of the year was a combination of keystone being down, the pipeline, it was a combination of markets being roiled because of the hurricane. And so there's a lot of fluctuations and a lot of traders being caught on the wrong side. So commodities in particular has been sort of a painful spot for a lot of these banks who still trade commodities.
00:00:58
>> The big five reported an average revenue decline of 32% for the fourth quarter and 12% for the full year. That means traders bonuses could be 10% to 20% lower than the previous year. And consultant day traders who sat at desks that posted losses could get nothing at all.
00:01:16
>> Even up to a few years ago. Zero dollar bonuses for not a thing and todays it's becoming increasingly popular given how poor performances been across the sales and trading sector.>> Trading revenue has been on a near steady march downward for several years. And banks have embarked on aggressive cost-cutting campaigns.
00:01:32
Sources say that after posting one of worst years on record, managers and Goldman Sachs commodities trading unit have told some staff to expect little to no bonus for their 2017 performance. Goldman cut its compensation costs 12% last year, even as it hired 2200 more workers.