Rogue Traders tells the stories of the new breed of traders scattered across the trading desks today. The individuals 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 they missed, they often used their knowledge of how their system was structured to hide their losses. And when that failed, there was no turning back.
“The world changed in some fundamental ways, and most of us were not on top of it. We were almost dragged into the modern world.”
— John Gutfreund, former CEO of Salomon Brothers