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Many traders question whether they belong, whether they are smart enough or good enough, Shull says.
Some traders question whether the run-up in Irish government bond prices resulted in part from Mr. Hasenstab's own buying.
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Apparently traders questioned the orders, and that led to the discovery of the mistake.
But some traders questioned whether such a small operation at Allfirst, with just two traders and annual revenue of less than $10 million, would need to trade as actively as these agreements would allow.
A steep slide in the price of oil, copper and other commodities dragged Wall Street lower on Wednesday, as traders questioned whether a recent upswing in the stock markets had raced too far ahead of the real economy.
But while others were both buying and selling, the trader in question simply sold: "The trader sold on the way down and continued to do so even as the price recovered," said Gensler.
The Securities and Exchange agency showed some proactive flexibility in the First New York Securities case by deeming the trader a "primary recipient" of information, thereby making him subject to sanction, even though the trader in question had not been tipped off by Nomura sales staff members directly, but by a consulting firm employee who was acting as a conduit.
Liu Qibing, the trader in question, achieved several enviable feats.
While the authorities did not release his name, the bank confirmed that the person arrested was the trader in question and that he had worked in London.
If the trader in question had never bought options before and then made a killing by purchasing call options just before a merger was announced, the investigators would be virtually certain there had been a leak.
The trader in question, Mr. Adoboli, who graduated with an honors degree in computer science from the University of Nottingham, was a director on the exchange-traded funds and Delta One desk.
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CEO of Professional Science Editing for Scientists @ prosciediting.com