IB Trading & Prop Trading
I've heard the work done by traders at both investment banks (GS, MS, JPM) and most prop shops (JSC, Citadel Securities, Optiver) loosely referred to as market-making. Instead of taking large directional bets, the firms provide liquidity to the market and profit off the spread.
I'm curious, then, how specifically the work between the two differs? Why do investment banks also have salespeople and structures, and how do they fit into this idea of market-making? Sorry if this is a dumb question, just trying to figure out more about the industry!
Quasi tenetur reprehenderit qui non aut nulla. Earum eius praesentium nulla deleniti ea autem.
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...