Prop Desk

Prop Desk

Slang; traders who buy and sell securities on behalf of the company they work for, rather than for that company's clients. Their incentive is to profit for the company rather than for themselves or their clients.
References in periodicals archive ?
The idea behind this being that if a prop desk crashes, it won't bring down the whole bank and force the government to get involved in order to bailout innocent depositors.
Devoy said, 'Daniel has significant trading experience in the commodity arena, having developed strategic trading ideas for the Citigroup iron ore and steel trading desk, Merrill Lynch prop desk and the Apollo Metals Fund.
You could be at an investment bank, regional bank, prop desk, fund of funds, insurance company, hedge fund, or CDO manager and this still applies.
Everything we do is to help support that relationship, which means we have no proprietary products, no sales & trading, no prop desk.
Its Prop Desk manages cross asset portfolios of traded instruments and employs a range of trading strategies including equity long/short, volatility arbitrage, convertible arbitrage and risk arbitrage.
is based on interviews with 100 hedge fund managers, prop desk traders and other asset managers to forecast their anticipations for distressed debt in the region over the coming year.
was selected by a London-based Prop Desk to receive QuantFEED, the QuantHouse end-to-end ultra low latency market data solution.
these prop desks around Europe, with middle tier banks and Institutions are
Meridian wants] to support a lot of the managers that are spinning out of prop desks to start their own funds.
Stephane Leroy, head of global sales and marketing at QuantHouse, said, 'Hedge funds, Prop Desks or CTAs are more and more moving away from using trading tools developed internally and start to recognize the value of buying external trading technologies provided by leading edge providers.
rise in these exotic prop desks around Europe, with middle tier banks and
Some of this demand was satisfied by teams coming off of sell side prop desks.