TITLE

The rise and fall of the prop trader

PUB. DATE
October 2010
SOURCE
New Statesman;10/25/2010, Vol. 139 Issue 5024, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
In this article the author discusses proprietary trading, a form of financial transaction that is a target of U.S. financial regulation in light of the global financial crisis of 2008-09. The article explains that "prop traders" are hedge fund operating within a bank. The author notes that a number of financial entities including Goldman Sachs, JP Morgan and Morgan Stanley will close proprietary trading units.
ACCESSION #
54565835

 

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