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Trading Desk

   Also found in: Acronyms 0.01 sec.
Trading desk (dealing desk)
Personnel at an international bank who trade spot and forward foreign exchange.

Trading Desk
A physical desk at an investment bank where one may buy or sell securities or derivatives. Generally speaking, each trading desk at an organization specializes in one type of security. For example, one may buy and sell stocks, other bonds, and so forth. Trading desks allow users to trade securities instantaneously, which can be important in arbitrage. A trading desk is also called a dealing desk.


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The new platform also provides clients with supplementary support from the trading desk team, in addition to access to research specialists.
The Bank of America unit lost the head of its energy trading desk chief as Jeremy Taylor is no longer with the firm, people familiar with the operations at the company told Bloomberg.
The liability for placing the bet at 500-1 would surely have been referred to another more senior member of staff within the trading desk section by the person who was offering the price, and at that stage the error should have been picked up.
 
 
 
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