Banks with Prop Desks
Hi
can anyone please tell me if many banks still have prop trading desks? And also what is the difference between normal traders in a bank and the prop traders? Do normal traders take some sort of prop risk as well?
Thanks
Davo
UBS London still has an equity prop desk afaik, and DB have a credit prop desk in London as well.
The main difference is that you do not have to deal with clients as a prop desk, therefore you do not have obligations to make prices.
However, a lot of market making desks are prop desks in disguise, as they take on a lot of speculative positions but quote prices as well. I know one EM FX trader who has obligations to quote prices for like 2 hour every day only, and the rest he does prop.
hey thanks for your reply. When you say 'a desk' is it literally just one?
Also what makes a bank better in a certain product than another? I heard DB is particularly good in credit and FX, why is that so? If a bank wants to 'become better' (for the lack of a better word) at a certain product. What can they do?
Thanks
Davo
Iste assumenda dolores aut quia. Quidem corrupti dolorum et et. Assumenda et dignissimos eum voluptas facilis quasi. Dolores ab odit similique error culpa.
Magnam porro enim sunt et. Aut quaerat aut qui reiciendis et. Rerum illo sit eaque iste. Culpa aliquam vitae mollitia eos accusantium dolore neque architecto.
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...