SocGen trader loses $4.9bil in vanilla stock futures

Pharcking incredible isn't it!
Well at least that mostly explains why the FESX and FDAX were behaving in such a weirdo way these last few days.

Question is, has ShockGen (sic) flattened their positions? Me thinks not yet...

 

Who have taken the $7B away? ETer?

 

I hope the guy signed a Non Disclosure Agreement about true happenings...I would ask for a 2 % "golden handshake" bonus....

 

The FED should file a lawsuit against SGen over the 0.75% cut now.

 

London prop desk bonuses should have a good start into NEW YEAR....

 

Bloomberg just reported a headline saying his salary and bonus came to less than 100,000 euros a year

 

If anyone really belives this story they should be slapped!

 

I agree, a lot of the proverbial brown matter. Perhaps they have dreamt this up as an attempt to restore more "faith" in the market and to hide that they have not gotten a clue what the <explicit> the market is all about.

LOL "we have found the guy who has caused this all" yeah right.

 

It must have been Harrytrader!!! Good to hear from him again!!