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A comment on Don't Steal Money from Day Traders Before They Lose It. Parent comment

Re:Don't Steal Money from Day Traders Before They Lose It by bitxbit on Friday September 07, 2018 @08:09AM (#17933612)
This is a joke right? You were a flow trader for a dealer. How is that even remotely the same as buyside regardless of size? The tech at bulge doesn't even compare to what some of the sophisticated buysides have in place.
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Re:Don't Steal Money from Day Traders Before They Lose It by Erlich_Bachman on Friday September 07, 2018 @08:28AM (#17933703)
He could have been on the buy side within the bank? Some investment banks still do this kind of business, even if within certain limits.
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Re:Don't Steal Money from Day Traders Before They Lose It by anonu on Friday September 07, 2018 @08:49AM (#17933820)
Correct. I always traded prop, even at a bank. The Volcker Rule was a joke. It caused some papers to be shuffled around and a lot of noises were made. The current Administration pretty much certified its death.

Also - having access to flow creates substantial information asymmetry and opportunities.

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