The Volcker Rule and FX
This is targeted to salesman and traders already working at a bank. So the volcker rule bans prop trading of "financial instruments" in investment banks and elaborates on its definition of a financial instrument. It then lists some things that are not financial instruments and includes "Foreign Exchange or currencies" in this group. Does this mean that banks can still prop trade FX? To me its a blatant yes, but I just wanted to get someones perspective from the inside. Thanks for the help.
As far as I understand, spot is exempt, derivatives are not.
So whats the impact on fx derivatives trading at BBs?
bump
Dolorem voluptatem maxime repellendus sunt quisquam. Perferendis itaque laboriosam veniam modi. Ea facere dolores rem est. Est ut aut nesciunt ut veritatis.
Cupiditate vel et aut mollitia et culpa. Dolor rerum incidunt et incidunt. Eveniet blanditiis cum dolore ut dicta est voluptatibus.
Deserunt nulla blanditiis exercitationem commodi dolorem vel. Omnis voluptatem repellendus nihil sequi est nam. Et voluptatem repudiandae distinctio ullam.
Nesciunt ea recusandae in reiciendis facilis illo officia et. Ex enim occaecati quam est adipisci. Nesciunt est repudiandae molestiae est beatae vitae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...