Proprietary trading : bank story no one is writing about

The fate of proprietary trading -> marketwatch.com/story/the-ba … 2010-09-10

Yes, they will lose out from being forced to close their prop desks. But they will now profit from selling their customers’ order flows. If you want to trade against their dumb customers you will have to pay higher commissions. This is widespread across the financial world at the moment, but it sounds a lot scarier than it is - because eventually the dumb customers gain when the brokerages compete for their order flow.