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What is lucky for an individual trader may be unlucky for the bank as a whole.
Based on the losses, analysts and traders surmised that Mr. Rusnak could have been taking positions worth more than $1 billion, much larger than any individual trader would have been authorized to take at the biggest financial companies.
Quiet talks are underway between top cardamom producers in India and Guatemala, who produce nearly all the world's output, to restrict supply; it may work for a while, but not for long.Every decade or so, an ambitious individual trader tries to do with money what the producers cannot do by agreement.
Claims to be nation's largest individual trader (by volume) of Ginnie Maes a mortgagebacked security guaranteed by U.S. government.
That means the individual trader must be that much better at riding the crests and troughs of market movements if he hopes to come out ahead.
Société Générale's loss is the biggest ever by an individual trader, well more than the comparatively measly $1.4 billion Nick Leeson lost at Barings Bank back in 1995, though at least Société Générale, unlike Barings, is still solvent.
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The same goes for individual traders at Wall Street firms.
First, individual traders were paid on short-term performance.
"When it came to arranging catering they looked to individual traders to offer something unique.
If individual traders are affected by their hormone levels, does the same hold true for the markets as a whole?
It let individual traders swap shares inside the system -- without help from the big Wall Street firms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com