5 Comments
 

The CVA/Treasury desk will use CDS extensively to hedge the exposures of the banks vis-a-vis major counterparties. Flow CDS desks tend to hedge with CDS too as part of their market-making activities but also have prop positions.

 

Errrrr London Whale?

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

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