Friday, March 13th, 2015

What is a proprietary stock trading?

I have been invited for an interview to make property transactions in shares in New York. For all I know is that I will trade capital of the company and continuing education to be taught and the tools for good behavior. I do not know anything about proprietary trading. Is the trade inside the building side by side with other stock traders or home? Will I get the license later? If you know more details, please share with me. Thank you.

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One Response to “What is a proprietary stock trading?”
  1. Paul says:

    Websters defines Proprietary as;

    1 : one that possesses, owns, or holds exclusive right to something; specifically : proprietor 1
    2 : something that is used, produced, or marketed under exclusive legal right of the inventor or maker; specifically : a drug (as a patent medicine) that is protected by secrecy, patent, or copyright against free competition as to name, product, composition, or process of manufacture

    To me, proprietary stock trading means you are going to be trading the company’s own stock or trading from/with their own portfolio.

    It’s unlikely this will be a work at home type gig. You would most likely be on a trading floor of the firm, working with others doing the same or similar things.

    Best of luck on the interview!

    Knock em’ dead.

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