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Tag Archive: ROGUE TRADER


A big Thank you

Filed under: Economies, Finance Awareness — Leave a comment
May 9, 2013

Thanks to all the visitors who came and appreciated the maverick thoughts yesterday.I am sharing the links of articles that where displayed on the board for your convince :

Your thoughts feedback and remarks are most welcome .

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Rogue Trader – Nick Leeson Back

Filed under: Economies — Leave a comment
April 19, 2013

I never thought I’d write these words, but Nick Leeson – the original rogue trader – is back, baby! Well, kinda. It’s not like Nick Leeson is escorted by three Commercial Affairs Department (CAD) officers from a Singapore Airlines flight from Frankfurt which arrived in Singapore, in this November 23, 1995 file photohe’s slinging SWAPS on Canary Wharf or anything. But the man who famously destroyed Barings Bank and whose iconic SIMEX trading jacket sold for £21,000 in the aftermath is now back in the biz, albeit in a decidedly less prestigious role than he’s used to.

Mr Leeson is joining GDP Partnership to mediate on behalf of distressed borrowers with debts of more than €1m (£850,000) to find “the best possible outcome for both bank and borrower”, said Conor Devine, a chartered surveyor and one of GDP’s founding partners.  View full article »

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Prop Traders – Dejavu

Filed under: Trending Brokers — Leave a comment
November 10, 2012

Having  a feeling of Dejavu, while I am writing the post Takings from my last post  A Prop Trader or Rogue Trader and my past posts on the same topic The Rogue Trader or The Rogue Banks and TO BE A ROGUE TRADER would like to share few more views over them. As I reveled in the past that prop trader don’t trade on behalf of clients but they use institution own money to trade.They speculate and their focus are is emerging markets.

The two principles on which they work : View full article »

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The most indebted man in the world.

Filed under: Financial Crisis — 2 Comments
November 3, 2012

English: Expres Bank - Société générale retail...

Former Société Générale rogue trader Jerome Kerviel owes the bank $6.3 billion. I did mention him in my last posts SocGen Rogue Trader Jerome Kerviel and Rogue Trader Jerome Kerviel is Back .

Jerome Kerviel is learning one of life’s harsher lessons: It stinks to be $6.3 billion in debt. That’s how much his fraudulent trades in 2007 and 2008 cost French bank Société Générale, and how much he has been ordered to pay in restitution — after he gets out of jail in three years. A judge recently upheld these View full article »

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Emerging Markets and Proprietary traders :-

Filed under: Trending Brokers — Leave a comment
September 27, 2012

 

Takings from my last post  A Prop Trader or Rogue Trader and my past posts on the same topic The Rogue Trader or The Rogue Banks

and TO BE A ROGUE TRADER would like to share few more views over them. As I reveled in the past that prop trader don’t trade on behalf of clients but they use institution own money to trade.They speculate and their focus are is emerging markets.

The two principles on which they work :

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ROGUE TRADER Charisma

Filed under: Trending Brokers — Leave a comment
July 21, 2012

 

Many of the fresh graduate always wants to join this field. The industry itself is a zero sum game somebody makes money the other looses.

Remember UBS trader Kweku Adoboli — the rogue trader who lost UBS $2 billion this year?
How could you forget. http://wp.me/pc3rd-dd
Adoboli, who is currently awaiting trial in London, was arrested in View full article »

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The Rogue Trader or The Rogue Banks

Filed under: Financial Crisis — Leave a comment
July 16, 2012

I did post almost a year back, but when I see today the scandals are now more in public compare to last year and the post holds true to the words. They are much more bigger now the Hedging trade of JP Morgan, The LIBOR saga….

It was my Penultimate day on the  visit to Paris Sept 2011, when the news break out UBS took a hit of $2 billion loss by the action of a Rogue Trader.

The Euro zone already under deep crisis and UBS was planning to cut down several jobs, View full article »

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SocGen Rogue Trader Jerome Kerviel

Filed under: Merchant Banking — 1 Comment
June 8, 2012

Those of you who have not heard this name recalling for them. Jerome Kerviel,who became famous in January 2008 as the junior trader who’d lost €4.9 billion at French bank Société Générale by engineering a series of risky trades.

Kerviel was recently sentenced to three years in prison. View full article »

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Rogue Traders now JP Morgan

Filed under: Financial Crisis — 6 Comments
May 11, 2012

The world financial market where already under pressure from the Euro crisis, untill yesterday late night when the news broke out JPMorgan has trading loss of at least $2 bln, reputation hit . The CIO unit is where Bruno Iksil was making $200 billion-sized bets. Basically JPM has suffered massive losses at its CIO group most likely due to its IG/HY positions held by Iksil.

Below quotes from Mr Jamie Dimon

  • “…Errors, sloppiness, and bad judgement.”
  • “Bad strategy, badly executed and poorly monitored”
  • “It could get worse. This could go on for a little bit.”
  •  “Badly executed, badly monitored. I’m not going to repeat it 800 times” View full article »
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A Caveat Emptor for aspirants in Trading

Filed under: Merchant Banking, Trending Brokers — Leave a comment
May 8, 2012

Before I start the discussion, I would like to open the discussion How many people do you know that are as successful as they want to be do not take responsibility for their actions?
They always have excuses to succeed not fail.You know if something is not working do not go down with the sinking ship. Have a reason for everything you do so you can learn from it. Trading is hard because what is written in stone one day is thrown out the next.

Here is just one of the conversation with trader, which you never want you View full article »

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