Who is a Rogue trader? Every one of us has a rogue in us. Trading is such a profession where the set rules procedures are not blogfollowed if you are making money for the firm. It would not be harsh to define rogue trader as a lone-wolves, because they are being covered by the rogue managers.

But, even lone-wolves belong to a group. They just prefer to avoid the assistance of others in certain matters. The rogue trader’s pack is the howling, fierce management for which he works. Lone-wolves always have alpha members they take orders from, don’t they? Lone-wolves are sometimes excluded from the pack to protect that alpha-male, thus preventing ‘in-breeding’ in the pack. It’s exactly the same in the trading world of finance. The rogue trader is excluded from the pack, forced to work alone, shunned so that if caught, there will be no ‘inter-breeding’. The alpha-male manager won’t be caught and be brought down if the rogue falls!   Continue reading

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