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It has given us a huge position in the world".
In the case of these JPMorgan trades, however, we can see how a huge position can undermine liquidity.
"That's how they were allowed to do two things — one, build up such a huge position with no one knowing and, two, misprice the securities".
Kaden supervised Citigroup's chief risk officer from June 2005 to September 2007, a period in which Citigroup built up a huge position in toxic mortgage-related investments.
— MICHAEL J. DE LA MERCED When Mr. Sorkin asks about JPMorgan's health, Mr. Dimon says that the trouble caused by the trading incident at the firm's chief investment office — arising when a huge position taken on by a trader known as the London Whale went sour — has been largely limited.
The trader amassed a huge position in a particular gilt – worth about 92 per cent of the gilt's turnover on the day - to try to drive up the prices ahead of a move by the central bank to buy them back.
Similar(41)
Perhaps so, but it is still taking huge positions.
He checked Panorama, which showed that S.A.C. still held huge positions in Elan and Wyeth.
Like LTCM, banks are building up huge positions in the expectation that markets will remain stable.
We don't have huge positions in them, but they aren't small.
SocGen has been hit by losses of €4.9bn from unwinding huge positions taken by the rogue trader Jérôme Kerviel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com