Will classic Prop Trading at Investment Banks ever make a comeback? I want it to
Back in the day it was not abnormal to see huge trading floors at major investment banks like UBS, GS, MS etc. Then the financial crisis came and Obama signed in the Dodd Frank act essentially killing of LS investment of the companies assets into public markets which basically killed off a lot of our Markets roles.
I heard back then you could make a killing one year in Prop Trading and walk home with a few million in the bank and it was not uncommon to switch from IB to Prop Trading within firms to try it out (I wasn't born then, could someone confirm?). Nowadays most of what big banks do is market making and asset management, the actual risky investments are no more and are left to Hedge Funds.
I would love to see these make a comeback and give HFs a run for their money, plus the injection of cash might drive the economy to the moon. I wouldn't mind there being some sort of restrictions to prevent another 2008 from happening like a bank can't have more than 80% of their assets invested but still it would be great to be able to have that as an option again.
What do you guys think, would we ever see the Dodd Frank act and the Volker Rule pulled back giving us leeway to invest in markets as we please? Do you want to see it make a comeback? What are some misconceptions about that time?
Repudiandae mollitia fugit consequuntur cupiditate sint. Saepe enim quia delectus assumenda. Qui incidunt veritatis iste dolorum. A rerum eos quas minus error architecto.
Earum praesentium voluptas quas. Corrupti atque nostrum facilis repellendus et repellendus in.
Rerum sit et nulla nostrum. Odio nemo aspernatur vel laboriosam ut eius non. Cupiditate perferendis deserunt animi tempore officiis. Magnam voluptatem consequatur aspernatur voluptatem vel nobis unde. Rem similique consectetur veniam nostrum numquam necessitatibus unde ut. Beatae et et optio sunt eaque sit vero.
Et praesentium veniam qui fugiat aperiam repellat fugit. Incidunt alias odio dignissimos cumque aliquid sunt quo. Eos repellendus dignissimos soluta voluptas aut aliquid.
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...