- Volcker Rule and Dodd Frank effect on comp
What is the effect of the Volcker Rule and Dodd Frank on the expected future cash flows of a career in bulge bracket trading? Please explain to me which desks are most effected by the new regulations and what is the compensation outlook for those desks. ...
Forum topic - Gekko93 - Feb 23 2014 - 3:56pm - 2 comments
- 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 ...
Forum topic - budfox55 - Dec 11 2013 - 12:01am - 4 comments
- Volcker Rule- Impact on non US banks
hi with this advanced stricter volcker rule any one able ot tell me what might be the impact in the prop business of the non US banks. is trading on sell side going to become extremely boring and shitty? ...
Forum topic - huhahaha - Dec 10 2013 - 12:36pm - 1 comment
- Rethinking Occupy Wall Street
I thought of Alexis Goldstein as just another disgruntled employee from the world of finance, but she’s not. She had worked for Morgan Stanley, Deutsche Bank, and elsewhere, and is now a member of the Occupy Wall Street movement. Ms Goldstein shares her ...
Blog entry - hdavid57 - May 15 2012 - 5:45am - 19 comments
- Have banks gotten rid of their prop desks yet?
There's been discussions on this but all of them are pretty dated now. Have the bulge bracket banks already gotten rid of their prop desks? Or have they figured out a way to skirt around the Volcker rule? ...
Forum topic - CollegeStudent - Feb 18 2013 - 9:10pm - 4 comments
- Volcker Rule Against the Ropes
I guess it was a just a matter of time (and hundreds of millions of lobbying dollars), but now that the laser focus on banker misdeeds seems to be waning, lawmakers are signalling their willingness to dump the Volcker Rule forbidding prop trading at ...
Blog entry - Edmundo Braverman - Mar 27 2012 - 6:45am - 15 comments
- Volcker Rule Clarification
So I understand that the Volcker Rule restricts banks from prop trading with FDIC insured capital/deposits (HF, Private Equity, etc.), but what if a bank uses non-deposit money? For example, capital raised from its own equity or debt, investor funds, ...
Forum topic - Mongoose5 - May 22 2013 - 1:53am - 1 comment
- Damn, it doesn’t feel good to be a trader
For decades, traders have been the highest paid dudes on Wall Street. Deep six-figure bonuses were once de rigueur for the mere mortals while the full-fledged masters of the universe easily went on to eclipse their CEOs and rack up eight-figure bonuses as ...
Blog entry - Jorgé - Sep 26 2011 - 8:00pm - 30 comments
- Trader Pay No Longer Based on P&L?
More changes are in the offing for prop traders who specialize in making markets, and these changes are going to effect the pocketbook. In a nutshell, market makers will only be allowed to be compensated on the spread of the securities in which they make a ...
Blog entry - Edmundo Braverman - Sep 27 2011 - 5:45am - 8 comments
- What Is The Volcker Rule?
The Volcker Rule is a subsection of the Dodd-Frank act (named after former Fed Chairman Paul Volcker), which attempts to limit the risky, speculative trading activities of hedge funds and investment banks. The Volcker Rule limits banks to only investing 3% ...
Page - WallStreetOasis.com - Apr 23 2012 - 9:48am