Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Farewell Then, Proprietary Trader

Print comment Post Comments
VANISHED? OR VANQUISHED?
"It is hard to make a convincing case that proprietary trading is a core part of banks’ business, especially now we realise that business is underwritten by the taxpayer," Corrigan writes. "It used to be argued that proprietary trading helped make markets more liquid, but these days proprietary trading desks are making the same sorts of bets as hedge funds, which as (mostly) private partnerships without state support, are much more appropriate  vehicles for this sort of risk-taking."
SOURCE:   Telegeraph

TICKERS