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Last Updated: Monday, 16 January 2006, 18:25 GMT
Women 'underrepresented in City'
Stockbrokers in the City of London
Many jobs in the City's financial markets are still male dominated
Women are hugely underrepresented in the City of London's financial markets, a survey on diversity has found.

Just 7% of City traders are female, according to recruitment firm Alexander Mann, which found that an "old boy network" may still exist in some areas.

Women are more likely to be found in sales than in trading and research, while the number of experienced female bankers was "limited", the firm said.

Equal opportunity campaigners warned that real equality may be decades away.

In the minority

"Given the investment and increased focus on creating a more diverse workforce within the financial markets, these results will come as a disappointment," said Clare Harris, director of capital markets at Alexander Mann Financial Markets.

Alexander Mann surveyed more than 30 finance firms to find out the number of jobs held by women in three key areas.

According to the survey, women account for just 7% of traders in shares, commodities, foreign exchange and credit.

In sales and research, women were better represented, filling 17% and 16% of positions respectively.

Earlier this month the Equal Opportunities Commission said only a minority of women have achieved senior positions in both the public and private sectors.

It said true gender equality was "decades away".

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