with Oli | Strategies

Posts Tagged ‘France’

SocGen … Rogue trader? … a different view

Freitag, Januar 25th, 2008

After reading a lot of stuff about the case, the story looks even more incredible today.
Risk Magazine named SocGen in its JANUARY issue “Equity Derivatives House of the Year”. Farther from reality they could not have been
French press is speculating, that Jérôme Kerviel is only used as a public scapegoat to cover up […]

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Posted in FDAX | 1 Comment »

Stupidity rules at SocGen …

Donnerstag, Januar 24th, 2008

Move over Nick Leeson … here comes Jérôme Kerviel
4.9bln Euro loss on Futures … obviously a lot of futures. Even if you assume a close to impossible loss of 1.000 points per contract, it must have been 200.000 FDAX or even 500.000 FESX futures … A lot for a “small position trader”.
So it […]

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Posted in FDAX | 2 Comments »