Following the recent panel on mental health in trading—which aimed to break down barriers and share personal insights—we were moved by the openness and candour of the panellists and audience members. In line with Sustainable Trading’s commitment to raising awareness, we want to share the discussion themes more broadly while respecting the confidentiality of those involved.
The trading industry has long been synonymous with high stakes, rapid decision-making and intense pressure. But less often discussed is the toll these challenges take on mental health. In recent years, conversations about mental wellbeing in the industry have gained momentum, but there is a need for greater awareness, support and meaningful change.
Emerging research highlights the prominence of the issue. The Buy-side Trading Community’s #BuysideMentalHealth survey found that over half of respondent knew traders who had left their roles due to mental health concerns. Additionally, our Life Beyond the Desk report reveals that one in five trading employees feel their job forces them to sacrifice personal wellbeing.
Aligned with this year’s World Mental Health Day theme, “Mental Health at Work,” our closed doors panel discussion brought together industry practitioners to explore these challenges and the opportunities for a healthier work culture. Here, we share our commentary on the themes raised.
The impact of personal and professional transitions on mental health
Different life and career stages can bring distinct mental health challenges. Early career years are often marked by high energy and ambition, with a tendency to overlook the personal cost of the demands and long hours. Moving into the 30s and 40s, priorities begin to shift as family responsibilities can add new layers of stress and complexity.
Major transitions—such as job changes, redundancies and personal crises— can force individuals to confront difficult emotions, including loss of identity or purpose, particularly in an industry where professional success is closely tied to self-worth. It’s not uncommon for individuals to reach breaking point after years of pushing aside unaddressed issues, only to later realise that many others face similar struggles but rarely speak about them.
The transition from a high-intensity career to a slower pace, whether through retirement or a career shift, can also be a common point of difficulty. After years of single-minded focus, many find it difficult to rediscover purpose beyond their trading roles.
These observations highlight that mental health struggles in trading are not necessarily isolated incidents. They can stem from cumulative pressures that evolve over a long career in the industry. Although the challenges change over time, the need for acknowledgment and support remains constant at every career stage.
The importance of awareness and recognition of mental health struggles
Mental health has been a taboo topic in the trading industry, the environment often leaves little room for personal vulnerability. This traditional reluctance to discuss mental health has fostered an environment where many feel they must hide their struggles, concerned that openness could be seen as a weakness.
Opening up about mental health can have a beneficial impact, as it encourages others to share their own experiences, fostering a more supportive environment. By sharing personal stories and normalising mental health conversations, individuals can support one another and realise they’re not alone.
Many mental health challenges don’t stem from major crises; often, it’s the steady accumulation of daily stressors—like constant market demands and pressure to perform—that lead to mental fatigue. Recognising these daily pressures is crucial, allowing the industry to foster a culture that values mental wellbeing alongside professional success.
The role of employers, managers and colleagues in providing support
Employees rely heavily on the support structures around them. Employers, managers and colleagues all play a role in fostering a mentally healthy workplace.
Effective support doesn’t just come from providing resources—it’s about building an environment where people feel comfortable reaching out and seeking help when they need it. Employers can set the tone by implementing mental health programs, encouraging flexible work policies and investing in training that promotes mental well-being.
Managers can play a vital role by leading by example, demonstrating empathy, being approachable and creating space for informal check-ins. A manager’s openness can set a powerful example, helping to normalise mental health conversations. Colleagues can offer support by noticing when something seems off, extending a listening ear or simply sharing their own experiences.
These small gestures help to cultivate a supportive culture, showing that mental health is a shared priority. By collectively taking responsibility, employers, managers and colleagues can foster a more resilient and connected workforce.
Work that is being done to support others in the industry
The industry is beginning to recognise the importance of mental health, with various initiatives underway to provide support for employees. Organisations are increasingly offering resources, such as mental health training, counselling services and peer support programs, aimed at reducing the stigma surrounding mental health and fostering a culture of openness. By providing training sessions, industry events and forums for discussion, these initiatives encourage individuals to prioritise their wellbeing and to seek support without fear of judgment.
Industry groups are gathering data on mental health trends to better understand the pressures that employees face, using this information to advocate for changes in workplace policies.
Collaborative efforts between firms, including workshops on managing stress and mentorship programs, also contribute to an environment where employees can share experiences, build resilience and find practical ways to cope with the unique demands of the trading profession. As more companies and industry leaders join these efforts, the conversation around mental health continues to expand, gradually transforming the industry into a space where people can feel more supported both personally and professionally.
Final thoughts
Encouragingly, we are beginning to see a shift. This panel discussion marks just one small step in a much larger journey. With ongoing efforts, we all have a chance to change perceptions of mental health in the trading industry. By continuing to break the silence, we’re paving the way for a healthier industry and setting a precedent for future generations of traders.
Many of the themes raised in this article echo the findings of our recent research, read the report here: LIFE BEYOND THE DESK: Trading Employee Workplace Experience Report
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As we continue to prioritise mental health in our industry, we wanted to share some valuable resources:
1. Mind Helplines
If you have been affected by any of the issues discussed, we encourage you to seek support.
This year, WHO is uniting with partners to emphasise the vital connection between mental health and work. Access useful publications and resources.
3. Sustainable Trading’s Employee Wellbeing Group
We invite our members to consider participating in our employee wellbeing group. If your firm is not yet a member, please contact us to discuss joining.
4. #Buysidementalhealth 2023 report
Findings and analysis of the Buy-Side Trading Community’s third annual survey, which highlights important insights and initiatives from across the industry.