Lucia, Paolo, Van, and Amy are all traders at an investment bank. Today, each trader has engaged in client-related trading. Each trade is described in the following table.

Use the table to classify each trade as equity trading, fixed income trading, credit products trading, or commodities trading.

In each of the previous scenarios, traders working for an investment bank made trades on behalf of clients.

When traders at an investment bank trade for the benefit of the bank itself, and not on behalf of clients, it is known as [ insider trading, day trading, predatory training, proprietary training ].