“We play with money, ha-ha, that’s the short version of what I do. No. People like me buy and sell financial products on markets or over the counter [directly between parties]. There are two kinds of traders in banks. Market-makers use their client’s money to make money for those clients, taking a commission. Then there are prop traders like me. We use cash given to us by the bank to make money for the bank.
“Prop traders have freedom because there’s no client telling us what to do. On the other hand we have more responsibility because it’s not the client’s money but our own money, as a bank. Banks don’t like to advertise this, but prop traders like me are quite profitable in terms of income generated per head. This is very useful for banks in times like these.