Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

Discussion in 'Wall St. News' started by ASusilovic, Sep 15, 2011.

  1. Why do never hear of the glory trades? only the shockers?
    Call me a Cynic
     
    #51     Sep 15, 2011
  2. I think they got his mugshot from facebook- unless its false
     
    #52     Sep 15, 2011

  3. yeah, well, if i wanted to live in a third world country i would have moved to one. dont much like the ghetto coming to me.
     
    #53     Sep 15, 2011
  4. Bakinec

    Bakinec

    #54     Sep 15, 2011
  5. He looks like a tall version of Arnold Drummond from Diff'rent Strokes.




    It Takes Diff'rent Strokes
    __

    Now, the world don't move to the beat of just one drum,
    What might be right for you, may not be right for some.
    A man is born, he's a man of means.
    Then along come two, they got nothing but their jeans.

    But they got, Diff'rent Strokes.
    It takes, Diff'rent Strokes.
    It takes, Diff'rent Strokes to move the world.

    Everybody's got a special kind of story
    Everybody finds a way to shine,
    It don't matter that you got not alot
    So what,
    They'll have theirs, and you'll have yours, and I'll have mine.
    And together we'll be fine....

    Because it takes, Diff'rent Strokes to move the world.
    Yes it does.
    It takes, Diff'rent Strokes to move the world.
     
    #55     Sep 16, 2011
  6. Extinction?

    I guess we now know why

    ------------------------------

     
    #56     Sep 16, 2011
  7. Is this the original?

    [​IMG]
     
    • ab.png
      File size:
      378.5 KB
      Views:
      703
    #57     Sep 16, 2011
  8. TraDaToR

    TraDaToR

    Inter-index spread? The position must have been gigantic.:eek:
     
    #58     Sep 16, 2011
  9. Mav88

    Mav88

    Maybe he could try and blame it on a malfunctioning hotkey or something
     
    #59     Sep 16, 2011
  10. How the phuck can a Delta 1 desk trader hide $2 billion in losses? I can only imagine the sudden EUR/CHF cap to have immediate effect on his P/L.

    He wrote on Sep 6th: I need a miracle. SNB intervention happened Sep 6th.

    On the other hand if Martinghoul is right, how the heck can he lose $2 billion on an inter-index spread?

    We are watching inter index spreads all day long. There have been some material discrepancies in the last couple of weeks due to short selling ban in several European countries. So a lot of "tourist players" were active in the German DAX Future. As every decent trader knows, liquidity in German DAX Futures is quite different to liquidity in EuroStoxx, thus exaggerating vola in DAX futures...
     
    #60     Sep 16, 2011