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Prop stands for "proprietary," it means that they trade their own money.
by lmartel 12y ago
Prop stands for "proprietary," it means that they trade their own money.
- harmegido 12y agoCorrection: it means they trade private money. This could be their own money, but more often than not, it's the owner's/partner's money.
- mlrtime 12y agoThe exact definition of proprietary trading is trading with the firm's own money. Public/private is an entirely different dimension. There are no sales reps with prop trading, it isn't an agency. http://en.wikipedia.org/wiki/Proprietary_trading http://en.wikipedia.org/wiki/Proprietary_trading