- Joined
- 18 June 2008
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"A rogue trader is a trader who acts independently of others - and, typically, recklessly - usually to the detriment of both the clients and the institution that employs him or her. In most cases this type of trading is high risk and can create huge losses.
“Since the average dealer now sits at a desk straight out of the Space Shuttle - and in many cases is relatively inexperienced and working under considerable pressure - mistakes are inevitable.
In May last year, London’s FTSE 100 index dropped by more than 2%, after a trader typed £300m, instead of £30m, while selling a parcel of shares......"
http://listverse.com/crime/top-10-rogue-traders/
Anyone know of anyone who should be added to the list?
“Since the average dealer now sits at a desk straight out of the Space Shuttle - and in many cases is relatively inexperienced and working under considerable pressure - mistakes are inevitable.
In May last year, London’s FTSE 100 index dropped by more than 2%, after a trader typed £300m, instead of £30m, while selling a parcel of shares......"
http://listverse.com/crime/top-10-rogue-traders/
Anyone know of anyone who should be added to the list?