Comments on: How to lose a few billion – and still make a profit http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/ Risk Management in Australia Wed, 30 Nov 2011 12:41:58 +0000 hourly 1 http://wordpress.com/ By: Connecting News, Commentaries and Blogs at NineReports.com - http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26055 Wed, 30 Jan 2008 23:34:42 +0000 http://ozrisk.wordpress.com/?p=283#comment-26055 [...] The U.S. and … mexico premiere – Last Updated – 3 minutes ago  Request a Trackback How to lose a few billion – and still make a profit DO NOT READ THIS OF YOU ARE IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA1. Soc Gen have had a [...]

]]> By: Martin Davies http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26052 Wed, 30 Jan 2008 10:04:29 +0000 http://ozrisk.wordpress.com/?p=283#comment-26052 Yes I believe Tom is right, from what I understand he was going long on CFDs (Contracts for Difference) an equity derivative however it might have also had currency exposures.

]]> By: Tom http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26034 Fri, 25 Jan 2008 12:53:04 +0000 http://ozrisk.wordpress.com/?p=283#comment-26034 He’s not a forex trader… He worked on the equity derivatives desk (future contracts).

]]> By: johan steunenberg http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26030 Fri, 25 Jan 2008 08:01:13 +0000 http://ozrisk.wordpress.com/?p=283#comment-26030 :-) I just returned from the economist myself. The link they provide is gone now too.

And: thanks for your article. It made me think on the start of this german day.

]]> By: Andrew http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26029 Fri, 25 Jan 2008 07:46:06 +0000 http://ozrisk.wordpress.com/?p=283#comment-26029 Johan,
OK – I will remove the link. I have also updated the post as the result of reading The Economist on this. Thanks for the correction.

]]> By: johan steunenberg http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26028 Fri, 25 Jan 2008 07:37:10 +0000 http://ozrisk.wordpress.com/?p=283#comment-26028 I’m in Germany.

By the way, you mention it was a forex dealer. Reuters says he was working on the derivatives desk, the Financial Times Germany say he was trading futures on shares. Was the forex mentioned in the SocGen press release?

//Johan

]]> By: How to lose a few billion - and still make a profit « ozrisk.net « – was einer so denkt – http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26027 Fri, 25 Jan 2008 07:34:44 +0000 http://ozrisk.wordpress.com/?p=283#comment-26027 [...] How to lose a few billion – and still make a profit « ozrisk.net How to lose a few billion – and still make a profit « ozrisk.net [...]

]]> By: Andrew http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26026 Fri, 25 Jan 2008 07:26:13 +0000 http://ozrisk.wordpress.com/?p=283#comment-26026 Thanks, Johan – looks like they have. My guess is that they have blocked access to it from the countries at the top of the post for legal reasons.
If anyone else who is not in one of the countries identified could check it I would appreciate it.
Those restrictions are just plain silly.

]]> By: johan steunenberg http://ozrisk.net/2008/01/25/how-to-lose-a-few-billion-and-still-make-a-profit/#comment-26025 Fri, 25 Jan 2008 07:11:23 +0000 http://ozrisk.wordpress.com/?p=283#comment-26025 Hi,

the link to SocGen does not give me an info about the incident. Did they remove the notice?

//Johan

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