Got an email straight from a director in London to change all references of "Proprietary and Prop" to "Arbitrage" in all our reports. Well, yeah as if that is going matter at all. Now the harsh criticism on proprietary trading is coming down from the regulators and politicians. So change the wordings of the title. Presto, we are operating a different business now!!
Please do not use the acronyms PIIGS. Spell them out Portugual, Ireland, Italy, Greece and Spain correctly. Do not say you have short positions, that makes us look like short-sellers. These people gain from the misery of investors. Say you have a short exposure.
Seriously, I totally do not understand what all the fuss is about.
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