PVM loss—Trader revenge?

Discussion in 'Psychology' started by new$, Jul 6, 2009.

  1. new$


    PVM, which is the London-based division of the world’s biggest broker of over-the-counter derivatives, eventually lost almost $10 million in those early morning trades on Tuesday.

    Steve Perkins, a senior and long-standing trader, apparently unhappy with his first-half year bonus, brokered those contracts and has now been suspended from his post by PVM.