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Propping up returns

Prop trading is again all the rage. But this time around some firms are setting their sights on foreign exchange. By Sarfraz Thind

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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

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