The recent fluctuations in the metals and foreign exchange markets are driving a surge in recruitment by hedge funds and banks, as institutions compete for traders who can capitalize on increased volatility. According to Jin10, multi-strategy fund companies are particularly focused on hiring experts in 'volatility arbitrage,' a strategy that profits from the difference between expected and actual market volatility. Tony Ernest, managing partner at hedge fund recruitment firm Monroe Partners Asia, noted that these traders have been highly successful in recent days. A founder of a recruitment company in Tokyo reported that Japanese securities firms are actively seeking foreign exchange and fixed income traders. Additionally, a source revealed that a major Australian bank, following its best monthly trading revenue performance in nearly a decade, plans to expand its workforce in areas including commodities.