So after the crisis, people got scarred and started spinning off the prop desks at BBs, or so thats what we heard.
I was talking with a Investment banking MD, who also enjoyed trading and to my surprise he told me that there are still BB prop desks, in Canada, toronto for example, they still exist, regulation didn't restrict prop trading, they simply increased the cost of trading therefore making it unfeasible for the bad trading desks to continue trading, but prop trading still happens at banks.
So here are my questions,
1. Does anyone know if Bulge Brackets still have prop desks in US?
2. what strategies do prop traders use to trade at BB? technical, fundamental? algos? etc