What Sell Side Desks Do The Most Prop Trading

Title is pretty self explanatory, I've read some non FICC desks engage in some shady practices to skirt volcker that can amount to something that looks awfully similar to small time prop trading but I'm more interested in what desks to focus that engage in mostly non flow/market making and mainly prop trade, specifically in FICC. Is this something that is too bank dependent to answer? Thanks!

8 Comments
 

If you can get a seat, the index rebalance teams. Turns out, you can pretty much justify any sort of trading activity as "hedging against clients future needs to rebalance against XYZ index".

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 

No idea where they sit nowadays - I dont think they'd be under delta one though, as a lot of the products these guys use to get exposure are def not delta one

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom
 

All FICC desks, with an emphasis on EM and Derivs desks.

"Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has" - Margaret Mead
 

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