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Tag Archive: ROGUE TRADER


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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The Famous Rogue Traders

Recently attended a town-hall on the operational risk, the topics shared by the host was not new but it was all about awareness in blogthe organisation. Lot of people asked why rogue traders still exist. But, that seems as if it’s an easy one to answer. Fool-proof risk management doesn’t exist and never will. At, least it won’t while the rogue traders are being covered by rogue managers.

You see, the definitions at the beginning had one thing wrong. They are definitions of solitary, lone-wolves. 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. Continue reading

Yesterday night was sharing some past experiences with the friends and the topic was rogue traders. Some people ask why rogue traders still 813530exist. But, that seems as if it’s an easy one to answer. Fool-proof risk management doesn’t exist and never will. At, least it won’t while the rogue traders are being covered by rogue managers.

You see, the definitions at the beginning had one thing wrong. They are definitions of solitary, lone-wolves. 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

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 .

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.  Continue reading

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