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English definition of “proprietary trader”

proprietary trader

noun [C]
 
 
( also prop trader) STOCK MARKET, FINANCE
an employee of a financial organization who uses the organization’s money to trade in shares, stocks, bonds, etc. in order to make a profit for the organization rather than for its customers: The proprietary traders traded company money to increase bank profits and their own paychecks. A prop trader at Deutsche Bank lost $1.8bn in 2008.
(Definition of proprietary trader from the Cambridge Business English Dictionary © Cambridge University Press)
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