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!
Bump, will be in FICC next summer and trying to decide
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".
Can confirm PT risk trading desk is basically prop.
Additionally,all desks in FICC, especially in derivatives take prop risks
Is Index Rebalance team part of Delta One/Prime Finance?
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
BUMP
All FICC desks, with an emphasis on EM and Derivs desks.
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