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"They are just making markets" are you seriously implying GS and JPM are just making markets :)?

• workthrowaway27 9y ago
  Given that prop trading has been severely curtailed at investment banks, yes.
  • zjaffee 9y ago
    Not just curtailed, they aren't allowed to participate in prop trading at all as per the dodd frank legislation.
  • qaq 9y ago
    JPM makes about 1/5th of profit from "trading" and of that I seriously doubt market making is much of a contributor.