Could someone provide some insight as to how the Bank's prop trading businesses function. 1) Do they allocate strategies to different traders and let them run 1-man "hedge-funds" essentially? 2) Do traders work in teams or in silos? 3)To what extent are prop traders positions micro managed within the context of firm-wide risk-management? 4) For OTC products, why are there both Flow and Prop desks when flow traders have discretion to make directional positions?
Aug 19, 2010
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I sometimes think I do. I know that within Goldman (eg Global Alpha) prop trading is just an internal quant hedge fund. Is that the case amongst Citi, RBC, MS, CS, JP etc?
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I meant to say in the past. I know about the legislation. I just wanted to know how they have been managed before and now, since noone has made any serious changes as of yet.
bank prop desks are just like normal hedge funds, except they fund cheaper.
So prop desks are just 1 man silos that are assigned to trade a certain product? Essentially 1-man hedge funds, or does prop desk typically refer to a team?
this cool website called google was launched not too long ago.
also latest headline on Bloomberg was: "JPMORGAN said to shut all remaining prop trading desks."
HI GARY!!!
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