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He could have been on the buy side within the bank? Some investment banks still do this kind of business, even if within certain limits.
by Erlich_Bachman 8y ago
He could have been on the buy side within the bank? Some investment banks still do this kind of business, even if within certain limits.
- anonu 8y agoCorrect. I always traded prop, even at a bank. The Volcker Rule was a joke. It caused some papers to be shuffled around and a lot of noises were made. The current Administration pretty much certified its death. Also - having access to flow creates substantial information asymmetry and opportunities.