The 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

The 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