I was wondering what the general consensus on prop trading at investment banks is? There has been many news articles detailing the closing down of many banks' prop desks at firms from Goldman to Bank of America. This is to comply with the Volcker rule that limits the banks trading its own capital. For some examples; http://www.wallstreetandtech.com/trading-technology/229219571 http://cachef.ft.com/cms/s/0/6c285214-1cfc-11e0-8c86-00144feab49a.html#axzz1HJuj1g00 http://dealbook.nytimes.com/2010/09/29/bank-of-america-cuts-back-its-prop-trading-desk/ What is your opinion? Is prop trading at banks dead? Will the banks somehow find a way to get around this rule? Will trader relocate to outside the US? What are the career prospects for a budding IB prop trader?