How to be a Rogue Trader

How to be a Rogue Trader

Author: John Gapper

Publisher: Penguin UK

Published: 2011-12-01

Total Pages: 49

ISBN-13: 0670921777

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Penguin Specials are designed to fill a gap. Written to be read over a long commute or a short journey, they are original and exclusively in digital form. This is John Gapper's foray into the world of rogue traders. Unlike most bankers, they are household names: Nick Leeson of Barings, Jerome Kerviel of Societe Generale, John Rusnak of Allied Irish Bank. And now the 31 year-old Kweku Adoboli, who allegedly ran up $2.3bn in losses at UBS. These are the men who have bought banks to their knees and global financial systems to a halt. Each time the banks declare themselves to be innocent victims of a fraud. But why do traders keep on committing apparently senseless crimes, with little benefit apart from higher bonuses and a risk of ending up in prison? And why do banks, which should have learned the tricks of the traders, keep being deceived? In this Penguin Special, the Financial Times' associate editor John Gapper unlocks the mystery by delving into the evolutionary risk-taking instincts of both humans and animals - from yellow-eyed junco sparrows in Arizona to honey-bees. He reveals how banks encourage their traders to evade risk limits, and shows how the rogue traders merely mimic the strategies used by their firms to seem more profitable than they really are. A rogue trader is often an outsider who starts in a lowly role and gambles with a bank's money in a bid to become a star. Gapper traces patterns of behaviour and personality that could be used to catch them before disaster strikes. But do the banks really want to? And are the rogue traders just the symptoms of a financial system gone rogue?


Rogue Trader: The Omnibus

Rogue Trader: The Omnibus

Author: Andy Hoare

Publisher: Games Workshop

Published: 2018-01-23

Total Pages: 0

ISBN-13: 9781784966812

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Explore the stars and the farthest reaches of the galaxy with the complete Rogue Trader omnibus, containing the novels Rogue Star, Star of Damocles and Savage Scars. Licensed by ancient charter, Rogue Traders explore the uncharted regions of the galaxy, seeking new worlds to exploit on behalf of the Imperium. The fortunes of Rogue Trader Lucian Gerrit and his family are in decline, and his inheritance amounts to little more than a pile of debt and misery. In a final, desperate gamble to restore his family’s former glory, Gerrit strikes a deal on a forgotten Imperial world in the Eastern Fringe, but his timing could not be worse. The alien tau are seeking to expand their empire across the Damocles Gulf, and soon Gerrit is caught in the middle of a clash between two mighty star-spanning empires, neither of which is willing to back down.


Barometer of Fear

Barometer of Fear

Author: Alexis Stenfors

Publisher: Zed Books Ltd.

Published: 2017-05-15

Total Pages: 234

ISBN-13: 1783609311

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The LIBOR affair has been described as the ‘biggest banking scandal in history’, a deception affecting not only banks but also corporations, pension funds and ordinary people. But was this just the tip of the iceberg? Was the scandal the work of a few ‘bad apples’ or an inevitable result of a financial system rotten to its core? Labelled ‘one of the world's most infamous rogue traders’ in the wake of a mis-marking scandal, Alexis Stenfors went on to rebuild his life and now guides us through the shadowy world of modern banking, providing an insider’s account of the secret practices – including the manipulation of foreign exchange rates – which have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from his own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain to a realm that for too long has remained hidden from public view.


Resurrection

Resurrection

Author: John French

Publisher: Games Workshop

Published: 2018-07-10

Total Pages: 368

ISBN-13: 9781784967284

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When an Inquisitorial conclave is attacked, Inquisitor Covenant's pursuit of the heretic responsible draws him into an even greater conspiracy. War rages in the Caradryad Sector. Worlds are falling to madness and rebellion, and the great war machine of the Imperium is moving to counter the threat. Amongst its agents is Inquisitor Covenant. Puritan, psyker, expert swordsman, he reserves an especial hatred for those of his order who would seek to harness the power of Ruin as a weapon. Summoned to an inquisitorial conclave, Covenant believes he has uncovered such a misguided agent and prepares to denounce the heretic Talicto before his fellows. But when the gathering is attacked and many left dead in its wake, Covenant vows to hunt down Talicto and discover the truth behind the mysterious cult apparently at the heart of the massacre: the Unseen. In the murky plot into which he is drawn, Covenant knows only one thing for certain: trust no one.


Rogue Traders (HC)

Rogue Traders (HC)

Author: Scott E.D. Skyrm

Publisher: ibooks

Published: 2014-09-16

Total Pages: 232

ISBN-13: 1590190017

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Ever since the earliest days of commerce, business people have organized themselves into partnerships. They formed groups with a common interest and worked together as a single unit, assuming both the risks and rewards of the business. It was a natural way of achieving a common goal. If the business succeeded, all of the partners made money. If it flourished, the partners even sometimes became rich. However, success wasn’t assured and if the business failed, they all suffered together. In addition to a multitude of other industries, this was the model that dominated how Wall Street firms operated up until the 1980’s. Beginning in the 1980’s, it was not uncommon to find that a freshly-hired trainee – a kid literally right out of college – knew more about the new financial instruments than the CEO of the firm that hired him. In some instances, the kids were learning about the finer points of newly-invented instruments before their managers knew they even existed. These were the new breed of traders scattered across the trading desks. The individuals whose stories compose the contents of this book are some of the smartest people you’ll ever read about. They had an intimate understanding of the markets and how best to make money from them, but they also had an equally in-depth knowledge of some of the flaws in the markets. Or sometimes, flaws in the systems at the banks themselves. They used their knowledge to make money. And when that failed, they often used their knowledge of how the system was structured to hide their losses. And when that failed, there was no turning back.


Fake

Fake

Author: David Bullen

Publisher: Wiley

Published: 2011-09-26

Total Pages: 0

ISBN-13: 9781740310994

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Fake is the fascinating story of one of the four 'rogue traders' whose foreign exchange trading cost the National Australia Bank $360 million. The resulting scandal was swiftly followed by the resignation of the CEO and Chairman. Later, unprecedented boardroom brawling erupted as directors sought to shift the blame and seek scapegoats. Against the backdrop of this multimillion-dollar trading frenzy, David Bullen takes the reader into his trading world, where players worked hard and partied harder, treating the staff at other desks with contempt and the trades as little more than a game. But David is a complex character, and this story is also the story of his personal journey from a self-confessed hedonist enjoying the lavish perks of corporate life to his involvement in the drug-enhanced dance party scene and finally his search for enlightenment. As his attitude shifts from one of unabashed arrogance to tolerance and detachment, so he realises that he was only 'a faker making fake trades'.


Rogue Trader

Rogue Trader

Author: Nathan Dowdell

Publisher:

Published: 2010-11-16

Total Pages: 0

ISBN-13: 9781589947955

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"Dread mysteries beyond the maw"--Cover.


Mad Ship

Mad Ship

Author: Robin Hobb

Publisher: Spectra

Published: 2003-12-30

Total Pages: 864

ISBN-13: 0553900269

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The second book in a seafaring fantasy trilogy that George R. R. Martin has described as “even better than the Farseer Trilogy—I didn’t think that was possible.” As the ancient tradition of Bingtown’s Old Traders slowly erodes under the cold new order of a corrupt ruler, the Vestrits anxiously await the return of their liveship—a rare magic ship carved from sentient wizardwood, which bonds the ships mystically with those who sail them. And Althea Vestrit waits even more avidly, living only to reclaim the ship as her lost inheritance and captain her on the high seas. But the Vivacia has been seized by the ruthless pirate captain Kennit, who holds Althea’s nephew and his father hostage. Althea and her onetime sea mate Brashen resolve to liberate the liveship—but their plan may prove more dangerous than leaving the Vivacia in Kennit’s ambitious grasp. Don’t miss the magic of the Liveship Traders Trilogy: SHIP OF MAGIC • MAD SHIP • SHIP OF DESTINY


The Money Noose: Jon Corzine and the Collapse of MF Global

The Money Noose: Jon Corzine and the Collapse of MF Global

Author: Scott E.D. Skyrm

Publisher: ibooks

Published: 2014-10-29

Total Pages: 234

ISBN-13: 1883283353

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“Skyrm makes complex financial scenarios accessible to all interested readers in an informative and entertaining manner. We can all learn something from this book.” —Thomas Peterffy, Chairman, CEO, and President of Interactive Brokers “Skyrm put together the story of MF Global like no one else could in providing the ultimate autopsy covering destructive financial engineering that’s played such a big role in our capital markets.” —Lawrence G. McDonald, New York Times best selling author of A COLOSSAL FAILURE OF COMMON SENSE “God is in the details...first come the reporters, then the lawyers. Skyrm’s book is the necessary antidote. Only someone who has ‘done’ it can explain it. Perhaps the best ‘counterfactual’ rationale for reading The Money Noose: If John Corzine had been able to before, there would likely have been no after.” —Stan Jonas, Managing Partner, Axiom Management Partners In 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. MF Global was bankrupt less than a year after the law’s passage. THE MONEY NOOSE is a general accounting of the facts that led to MF Global’s collapse, as well as the story of the major players involved. It is a chaotic story, one in which individual actions taken in and of themselves are relatively minor. But the sum of those individual actions equal the same end result. This book is designed to tell the story of MF Global, what went wrong and how things came to an abrupt end. In those regards, it’s an incredible story.