Won't Somebody Please Think of The Traders??
Start speaking a new language in 3 weeks with Babbel 🎉. Get up to 60% OFF your subscription ➡ Here: https://go.babbel.com/t?bsc=usa-influ-eg-dt-1m&btp=default&utm_term=generic_v1&utm_medium=paidsocial&utm_source=YouTube&utm_campaign=patrickboyle&utm_content=Influencer..May-2024..USA-TATAM..1200m60-yt-patrickboyle-may-2024
The Société Générale Delta One Desk is back in the news after two traders were dismissed - accused of placing unauthorized risky options trades.
Kavish Kataria – one of the traders in question - attacked the banks leadership with a LinkedIn post on Thursday saying the “entire risk team and other bosses” were equally responsible for the trades and complaining that his bonus had been withheld.
The Delta One desk that Kataria worked on is the same trading desk where rogue SocGen trader Jérôme Kerviel caused a $5.2 billion dollar loss in a 2008 scandal that caused the US Federal Reserve to cut rates to stabilize markets.
SocGen told Bloomberg News earlier this week that two people based in Hong Kong had left last year — a trader and a team leader — after a “one-off trading incident, which didn’t generate any profit impact and led to appropriate mending measures”.
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join
Видео Won't Somebody Please Think of The Traders?? канала Patrick Boyle
The Société Générale Delta One Desk is back in the news after two traders were dismissed - accused of placing unauthorized risky options trades.
Kavish Kataria – one of the traders in question - attacked the banks leadership with a LinkedIn post on Thursday saying the “entire risk team and other bosses” were equally responsible for the trades and complaining that his bonus had been withheld.
The Delta One desk that Kataria worked on is the same trading desk where rogue SocGen trader Jérôme Kerviel caused a $5.2 billion dollar loss in a 2008 scandal that caused the US Federal Reserve to cut rates to stabilize markets.
SocGen told Bloomberg News earlier this week that two people based in Hong Kong had left last year — a trader and a team leader — after a “one-off trading incident, which didn’t generate any profit impact and led to appropriate mending measures”.
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join
Видео Won't Somebody Please Think of The Traders?? канала Patrick Boyle
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
How do you risk manage portfolios that contain financial derivatives?What is a Butterfly Spread?Is Warren Buffett Buying Stocks in the downturn? What are the biggest investors doing right now?What is a Strangle? | Options Trading Strategies | Combining OptionsOption Payoff Diagrams For Put Options and Call Options, What do they mean?What is an Options Straddle? | Options Combinations | Trading StrategiesSwaps and The Law of Comparative Advantage - How to do the comparative advantage swap calculation.What Are Financial Derivatives?What Is Options Delta? The Options GreeksCorrelation For Traders and Investors | Statistics For the Trading Floor | Correlation TradingWhat are index options? What are currency options?More than 30 stocks might be removed from the S&P 500 | Index Adds and Deletes | Passive InvestingWarren Buffett's Berkshire Hathaway is Not Buying Stocks Now. Annual Meeting 2020 Preview. 10-QWill The Department Of Justice Break Up Big Tech? What Is Anti Trust Law?Short Selling - How Does It Work? | How Do You Short a Stock?The Volatility Smile - Options Trading LessonsHow are Financial Derivatives Traded?The VIX Index and US Elections | Trump Biden 2020 | VIX Futures | Risk ManagementAre Trading Pits Outdated?Top Ten Finance Books For Traders & InvestorsSoftbank Didn’t Lose a Penny When Investing $1Bil in Wirecard. How did that work?