Banks closing Prop desks, where is capital now going?

Hi,

So banks are closing prop desks, where are the traders going?

Surely this will mean prop desks will start to pop up funded by some other means?

Any ideas where that funding will come in from


Tinkerz

 

Well, ultimately the tax payer will fund most of these enterprises .

 

The young ones, to into HFT shops / market makers.

More experienced, into hedge funds, although some of these are starting to look more like HFT.

Funding from the less informed. As always.

Others, no idea. Maybe into recruitment or some other sales job.

Selling vacuum cleaners maybe.