4 ms·
Was his close friend the MD or something? I’m curious how this wound up playing out exactly backward from how everyone expected it would.
by dcrazy 7mo ago
Was his close friend the MD or something? I’m curious how this wound up playing out exactly backward from how everyone expected it would.
- nutjob2 7mo agoIt was a coincidence. A few weeks earlier there was a fault at the bank's data center. The very expensive backup data center failed to go online. Management was not amused. Another memory from that time: a stressed sounding trading desk assistant rang me asking after a trade confirmation that went missing and the client was demanding. I determined that the system I worked on didn't handle those kinds of trades. Out of curiosity I looked up the trade. It was for 2 billion GBP of UK Gilts (government bonds), thats about $5 billion USD in today's money.