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Also, prop traders use the firms money to trade, they don't use client money. So the firm is responsible for the loss and gets the benefit of the profit.
by chris11 10y ago
Also, prop traders use the firms money to trade, they don't use client money. So the firm is responsible for the loss and gets the benefit of the profit.
- branchless 10y agoMarket making also uses firm money but the net position is (hopefully) flat. They trade against someone when their order matches on the exchange.