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"HSBC gained approximately $5,000,000 from its execution of the Victim Company FX Transactions," or about 0.14 cents per dollar of the $3.5 billion transaction.

by Tarq0n 10y ago

"HSBC gained approximately $5,000,000 from its execution of the Victim Company FX Transactions," or about 0.14 cents per dollar of the $3.5 billion transaction." Am I misunderstanding what this says or is the amount of profit about two orders of magnitude off?

detaro 10y ago
$5,000,000 profit / $3,500,000,000 transaction volume = $0.0014 profit per dollar transaction volume. 0.0014 dollar are 0.14 cents. Seems correct to me.
- Tarq0n 10y ago
  Ah, I did in fact misread it, thanks.