Question about BB trading strategies

Hey,


This might be quite a silly question, but I was wondering whether BB traders are allowed to take advantage of 'statistical arbitrage' opportunities they see in the market?


Few points on this:

  • I realize 'statistical arbitrage' is a fairly vague term that encompasses lots of things, but I hear about it a lot and it just leads me to wonder

  • I know most BB traders are involved in market making, but I didn't know if there was a gray area with desks exempt from the Volker rule? (is it just gov't rates desks in this category? what about the swaption side of things?)

  • I know I am conflating statistical arbitrage with prop trading, and I don't mean to do that


Thanks.

 

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