Sorry if this has already been posted (if it has, delete this thread), but whats up with this?
http://www.bloomberg.com/news/2010-09-07/wall-str…
came out 2 days ago. it seems to bear weight on euro firms, but any offices in the US/NYC cutting down? and which units? will this affect first yr analysts?
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Say goodbye to prop trading at banks across the board. I'll be doing a story on it next week.
I'm on the buyside. Things aren't that bad over here. Sell-side still seems to be hiring.
okay so is going on with prop trading? since i want to become one its a prettty big deal. Did all the legit prop trading desks end now? Only at private firms that require a capital deposit? Will prop traders still be able to go into hedge funds if they are successful?
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