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However, investment bankers and traders, based largely in New York and Charlotte, N.C., are not immune.
He was part of a tight network of hedge fund traders based in Boston who specialized in technology stocks.
Most traders based their bets not on their desires or other ulterior motives but on a cold assessment of what they really thought would happen.
The traders, based in JPMorgan's London office, made wagers in complex financial instruments that saddled the bank with over $6 billion in losses.
Several other companies, including Vitol Holding B. V.; Trafigura; and Glencore International AG, commodities traders based in Switzerland, recently announced that they had stopped gasoline sales to Iran.
Do not pay traders based on their profit and loss on particular positions, irrespective of whether they or anyone else call that proprietary trading.
Similar(33)
Even so, earlier studies have suggested that many successful traders base their trades on intuition.
Mirant is an energy trader based in Atlanta.
The information on which a trader based his decisions was scattered across a number of databases.
El Paso Electric is separate from the El Paso Corporation, the large energy trader based in Houston.
Ben Bradley, a self-employed market trader based in Mansfield, is buying his first property with the help of his parents.
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