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View Full Version : JPMorgan Is Shutting Down All Prop Trading Desks



scallywag
08-31-2010, 03:11 PM
snippet


JPM told traders who bet on commodities for the firmís account that their unit will be closed as the company begins to shut down all its proprietary trading, according to a person briefed on the matter.

link (http://www.businessinsider.com/bloomberg-jpmorgan-is-shutting-down-all-prop-trading-desks-2010-8)

does this include the silver shorts, you think?

Carpenter
08-31-2010, 03:17 PM
But shutting down prop trading desks actually might resemble just changing the name of prop trading, not the practice.
Prop traders are no longer "prop traders," and many have been moved to client-based desks.

Read more: http://www.businessinsider.com/bloomberg-jpmorgan-is-shutting-down-all-prop-trading-desks-2010-8#ixzz0yDUh9rNJ


Smoke ?

proudandrenewed
08-31-2010, 03:23 PM
Smoke ?


s c r e e n !

nuts4gold
08-31-2010, 03:23 PM
And mirrors?

scallywag
08-31-2010, 03:24 PM
Smoke ?

oh yes! check out this zerohedge piece on the move

JPMorgan Pretends To Shut Down All Prop Trading Desks, In Latest Smoke Screen Act Of Volcker Rule "Compliance" (http://www.zerohedge.com/article/jpmorgan-shutting-down-all-prop-trading-desks)

didn't think the roll over could ever be this easy

you geniuses got the 2 words nailed.. smoke and screen.. I'm severly impressed

RFID trumps
09-02-2010, 09:52 AM
I hear the final report is coming out in weeks about the Flash Crash. Anyone interested in HFT and stock manipulation as well as the new limits for everyone, banks too. Flash shorting and the new buzz word ..." QUOTE STUFFING" http://www.zerohedge.com/article/its-not-market-its-hft-crop-circle-crime-scene-further-evidence-quote-stuffing-manipulation-