« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Ever wonder why Goldman, or BAC can have 90 straight days of profitable trading? Don't wonder too much more, the answer is here.

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 15 Aug 12 2:21 AM | 43 view(s)
Boardmark this board | De's Test Board
Msg. 43334 of 45651
Jump:
Jump to board:
Jump to msg. #

Guest Post: Are Former Bank Prop Traders Potential Bartenders?
Submitted by Tyler Durden on 08/14/2012 - 14:53 BAC Ben Bernanke Capital Formation ETC Guest Post Lehman Market Conditions Reality Risk Management

undefinedWe thought it timely to repost this oldie but humorous goodie on how bank style traders make their money. Ever wonder why Goldman, or BAC can have 90 straight days of profitable trading? Don't wonder too much more, the answer is here. The new reality is however, Banks are fast becoming utilities now that they cannot hide losses in mark-to-myth book keeping (whale legacy), and have removed (or renamed) their Prop trading divisions. The recent purge of prop traders and subsequent start up of unprofitable funds can be attributed to many things; among them market conditions, 100% correlated markets etc. But the biggest for a certain type of trader is a lack of flow, i.e. no clients to fleece or front run.

Tweet

Comments: 39
Reads: 5,772

http://www.zerohedge.com/news/guest-post-are-former-bank-prop-traders-potential-bartenders




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next