3 ms·
Plus, when they make a big deal, the trading desk will naturally hedge themselves (that's their job!), so they'll "take the opposite position of what they recom
by FabHK 8y ago
Plus, when they make a big deal, the trading desk will naturally hedge themselves (that's their job!), so they'll "take the opposite position of what they recommended their client". Sounds bad, but is normal and appropriate business practice.