Proprietary Desk

(redirected from Prop Desks)

Proprietary Desk

A group of traders that invest an investment bank's own capital, rather than the capital of the bank's clients. Proprietary desks may engage in high-risk transactions that can lead to large gains for the bank.
References in periodicals archive ?
Lit pools that aren't backed to the hilt by firms with prop desks are going to have a hard time of it.
Interest rates slashed across the globe also meant stock markets bounced back at an unprecedented rate on a wave of cheap money - giving another boon for the "prop desks" or proprietary trading units which play the markets with the banks' own money.
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.