CDS trading desk
Is anyone aware of any banks having internal hedging CDS desks?
How blurry is the line between hedging and prop and how is this dealt with by the bank?
Is anyone aware of any banks having internal hedging CDS desks?
How blurry is the line between hedging and prop and how is this dealt with by the bank?
Career Resources
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.
What are the exit opps from a role in cva trading?
If you're good, smart and have used your time on the CVA desk well, sky's the limit... I think there's an older thread where someone posed a similar question.
Errrrr London Whale?
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