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> banks can bet against their own clients This is indeed true. >in fact , that's how they make most of their money This however requires some proof. They do
by chollida1 14y ago
> banks can bet against their own clients
This is indeed true.
>in fact , that's how they make most of their money
This however requires some proof. They do make money this way but to say that this is how banks make "most" of their money is way off by my understanding and I work in the industry.
- elemeno 14y agoLikewise, I'd not say that it's 'most' of their money, but pretty much every bank I know of will happily take the opposing position to their clients. In many cases though, this is just the bank providing the market to their clients, especially in the cases of less liquid products.