People talk a lot about prop traders but many of them know and many don’t know about them. Last night I was reading an article in The Guardian an interview by Quant trader recalled my short experience that I lived as a Prop Trader.
We play with the money that’s the shortest version what a prop trader do.There are two kinds of traders in the financial institutions.
1) Market-makers use their client’s money to make money for those clients, taking a commission.
2) Then there are prop traders like me beg you pardon I was. We use cash given to us by the bank to make money for the firm. View full article »