With proprietary trading taking up much of the slack left by the decline in dealers’ client business over the past two years, many firms are eager to find proprietary trading strategies to boost their revenues. An area mostly overlooked in earlier prop trading heydays is foreign exchange – one that is benefiting from equity and fixed-income market malaise. “The bear equity market has been the best gift to the forex market and there is no reason for this to stop,” says New York-based Blair Baker,
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