3 ms·
And then you hear stories like that one about french trader Jérôme Kerviel who did unauthorized trades with 5 billion losses. And many more stories like that.
by ponector 3y ago
And then you hear stories like that one about french trader Jérôme Kerviel who did unauthorized trades with 5 billion losses.
And many more stories like that.
But yes, for small fish there is an approval process for everything, even to but a paper clip.
- blibble 3y agocontrols applied to traders are very different a common thread in these modern rogue trader scandals are that the perp worked on the controls or monitoring system in a role prior to becoming a trader so they knew how to structure their trades in such a way to evade detection