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Macaskill on markets: Prop traders – From London to Tripoli?

The obvious port of call for a prop trader leaving a comfortable berth at a bank is a hedge fund. Another potential destination nowadays is a sovereign wealth fund. Most sovereign wealth funds are treading cautiously as they move towards making greater use of tradable markets but their sheer size means that their impact on liquidity could be significant, along with their potential contribution to bank revenues.

Jon Macaskill September 16, 2010

Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks

 Jon Macaskill is one of the leading capital markets and derivatives journalists, with over 20 years’ experience covering financial markets from London and New York. Most recently he worked at one of the biggest global investment banks

China Investment Corporation, the smaller of the two funds used to deploy China’s vast foreign exchange reserves, is already one of the most aggressive sovereign wealth fund players in structured investments and trading, and is set to become an increasingly important revenue source for banks.

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