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Quantitative Finance · Glossaire

Qu'est-ce que « Sales-trader » ?

Definition 2.2 Markets I: The Ecosystem and Exchange-Traded Markets · Chapitre 2 — The Sell Side

A sales-trader takes clients’ orders and works them in the market on their behalf, as agent, advising on timing and tactics; a trader, by contrast, commits the bank’s capital.

A markets division seen from the client. Everything in the middle column exists to bring business to the right-hand column, which carries the risk.
Figure 2.1. A markets division seen from the client. Everything in the middle column exists to bring business to the right-hand column, which carries the risk.
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