Forex trades in banks

BookValue
TDG Practitioner Guide to Forex Market
A. C. Reddi and P. Yesuthasen
(http://www.tdg.in/ )

When ‘prop’ got bitten

Proprietary (‘prop’) trading and commercial transactions are the two separate books in which banks generally record forex trades, inform A. C. Reddi and P. Yesuthasen in TDG Practitioner Guide to Forex Market. Proprietary trading is euphemism for speculation in which a bank maintains a position, which results in profit or loss, the authors add. “For these transactions, bank does not need a customer; it deals with another dealer in the market.”

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