Volcker Rule set to change market structure, says Shogi Group
Banks turning proprietary investment activities into hedge funds may not be able to trade as aggressively as they once did, says quant trading veteran Brian Brown.
Speculation is rife over what banks will do with their proprietary trading desks on the back of US reforms, with Goldman Sachs, JP Morgan and Morgan Stanley reportedly mulling whether to close, sell or spin-off such businesses.
The US Dodd-Frank financial overhaul bill was signed in late July and includes the so-called Volcker Rule, which curtails proprietary trading, private equity and other investments that banks make with their own capital.
Whatever firms decide to do, it is …
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.