It's like something out of a novel set in the City: a rogue trader in a large London oil futures brokerage firm is found out and the company subsequently loses $10 million.
Well in this case it is a true story and happened only this week. The price of oil jumped sharply when the trader, said to be one Steve Perkins, placed orders in the early hours of the morning when trade in London is usually thin (because most people are tucked up in bed!)....
He was found out (obviously) and has been suspended. The FSA investigates...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment