Sen. Merkley On Proposed Ban On Prop Trading
One amendment that has yet to find a home in the financial regulations bill is a ban on prop trading by banks, with Sen. Jeff Merkley (D-OR). Proprietary trading, proprietary trading desk, or "prop desk" are terms used in banking to describe when the firm's traders actively trade stocks, bonds, currencies, commodities, their derivatives or other financial instruments with its own money as opposed to its customers' money, so as to make a profit for itself.
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