I'm curious does BB S&T do any prop trading or things like that? I'm a little bit confused. I've talked to some traders and they say their bank does that as a way of "hedging own risk". I also spoke to someone else and they said they are heavily client-focused. Does this vary by desk or bank or what? Thanks.
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so they dont straight up do any prop trading like they used to (thanks volcker), but in a sense they still do as a risk management strat to capture a profit
at least on desks like rates or ficc, traders will take a 'view' to 'hedge risk' (e.g., dealer in multiple currencies, but goes overweight in 1 currency and have the min requirement on the other based on their outlook) and book the pnl
had a conversation with a rates trader at citi in asia and he basically told me that they still do prop trading, might have diff regulations there?
varies by desk....rates desks do plenty of prop trading...less so in equities
options/derivatives desk do lots of prop trading
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