Your English writing platform
Discover LudwigExact(14)
Is he a Goldman proprietary trader?
A proprietary trader and hedge fund manager explains the benefits of hiring good people instead of nice ones.
You do not hire a proprietary trader to run a tame hedging operation; you hire him to gamble.
The loss-making JPMorgan Chase trading operation in London was headed by Achilles Macris, a well-known proprietary trader renowned for taking risks.
"People don't want to be short going into a weekend, especially if a deal does get done," said Dennis Dick, proprietary trader at Bright Trading in Las Vegas.
The bank allowed him to become a proprietary trader, which meant he was betting the bank's money, an unusually aggressive strategy for a regional bank.
Similar(41)
Similarly, it may give the bulk of its proprietary traders their freedom.
Another idea might be to split the responsibilities of proprietary traders.
| The departure of proprietary traders from big investment banks is cause for celebration, The Financial Times writes.
One alternative is to shift some of its proprietary traders onto other trading desks.
Goldman Sachs, Salomon and Bear Stearns are the three best-known proprietary traders on Wall Street.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com