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Commercial Banks: These cater to businesses, providing loans, treasury, and cash management services. Morgan, which offer services in underwriting and M&A advisory. Trading and ProprietaryTrading Many large banks are involved in trading activities. The profit-making strategies differ across these banks.
It was then that he moved onto the proprietarytrading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. “My My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling.
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