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.
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.
Meridian wants] to support a lot of the managers that are spinning out of prop desks to start their own funds.
Reacting to the bill, one source noted that outlawing banks' prop desks would create a '"buyer's market" as assets were sold off, adding that the net effect of removing trading firms from the market would be negative.
Some of this demand was satisfied by teams coming off of sell side prop desks.
We are thrilled to join forces with MarketFactory to provide FX trading gateway software to our global trading customer base of leading investment banks, hedge funds and prop desks," says Hugh Hughes, Chief Executive, Fixnetix.
Since it's founding in 1996, Tradar has supplied over 170 portfolio management systems to hedge funds, prop desks and family trusts worldwide.