Trading Desk at a Private Bank

I was wondering if traders who work at private banks also engage in agency/flow trading or if they simply execute orders. The reason I am asking is because I have heard of some private banking offices having 20 - 30 traders and this seemed overkill for simply executing clients orders even if they are HNW. Also can they take positions using the firms money if they see an opportunity?

3 Comments
 

it depends. they are not prop traders so they wont use the firms money to make bets, they might recommend stocks/bonds/strategies to their clients depending on the client. They mainly execute trades for clients, sell the firms IPOs. I'm on a pretty big team and we have 2 traders, one focussing on bonds, the other on stocks, but that is not the norm at all.

 

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