 |
“It’s not that the business model of banking with prop trading is completely broken, it’s that those banks without the risk capabilities or appetite are moving away from it” Shubh Saumya, Boston Consulting Group |
Financial institutions’ headlong retreat from proprietary trading continues. In March last year, Swedish bank Handelsbanken shut down its fixed-income and FX prop trading desks in New York. Last December, JPMorgan Chase consolidated its standalone prop desk into its other proprietary trading operations.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
