Does anyone knwo how prop desks are structured at Deutsche Bank? Are the prop traders all trading specific instruments like fx or IRD or currency options, or are some allowed to get into a bit of everything like Spot FX, Precious metals and couple of commodities maybe government bonds, how much leeway do they have? In my experience it has been like fx prop trading desk and IRD prop desk but I don't know about the major investment houses like Deutsche(although I knwo their profit from fx prop trading last year was rediculously high!), Merrill Lynch, Goldman. Do most prop traders at investment houses work their way up from being an assistant trader, then a market maker, then a prop trader if they are very good, are most prop traders taking long term trend positions or are there quite a few short term traders in the investment houses, obviously the long termers will have smaller positions, knowing that Morgan Stanley, Deutsche, Goldman etc are not averse to prop traders taking 1 billion dollar fx positions they must be short term prop traders? Appreciate your views.