Difference between trading and investment banking?

mahras2
Mon, 27 Mar 2006 06:36:00 +0000

IB= Interactive Brokers.

Jpps> Some programming is almost mandatory to know nowadays. Most traders nowadays use pretty sophisticated technology and knowing how to code enables them to create helpful tools in a more efficient manner. Yet another good reason for me to learn how to code well.

IhateCA> A broker is the guy who are salespeople who take clients orders. Traders are the guys executing them. There are two types of traders flow and prop. Flow traders are the guys who seek to execute client orders in the best possible manner by providing liquidity as well as managing the risk exposure of the bank. Prop traders are the ones who use firm capital to actually bet on rising and falling prices. In many banks some prop activity occurs due to order execution as well because the bank may temporarily take the other side of a trade to create a market.