This is targeted to salesman and traders already working at a bank. So the volcker rule bans prop trading of "financial instruments" in investment banks and elaborates on its definition of a financial instrument. It then lists some things that are not financial instruments and includes "Foreign Exchange or currencies" in this group. Does this mean that banks can still prop trade FX? To me its a blatant yes, but I just wanted to get someones perspective from the inside. Thanks for the help.
Trending Content - Sales and Trading Forum
Career Resources
As far as I understand, spot is exempt, derivatives are not.
So whats the impact on fx derivatives trading at BBs?
bump
Dicta voluptatem vel sed tenetur ut. Tempore adipisci alias id tenetur dolorem ab. Voluptas laboriosam tenetur voluptas est sapiente nam ut.
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...