Financial Trader Crime Significantly Increased
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"Three high" risk of asymmetric traders
They are highly paid high-end talent, but violations of the speculation, leading to a high incidence of crime
Explained from the general sense, refers to financial traders specializing in financial products, trading professionals. And in real life, is a financial trader has a special meaning, that is, especially those employed in various financial institutions, use its own funds or entrusted with the financial institutions engaged in high-yield, high risk financial products, trading trader or market maker . Therefore, the division of labor, financial traders is different from a commission as the main income, act as an intermediary agent, but also from the use of its own capital to trade investors. This means that financial traders face both the risk of price changes, they will not bear the investment loss, creating an asymmetry of risk and return, but this is clearly an anomaly.
However, the financial trader is the development of modern financial industry inevitable product of the division of labor. With the increasing variety of financial products and the complexity of the financial investment business, and professional financial planning firm hired traders and investment companies in different areas and different financial products, trading, investment income can be greatly improved, especially the employment of a small amount of outstanding financial traders to make huge investment transactions, reduce costs and access to play the role of higher yields, therefore, financial traders, as a special career with the survival and development space, and their ability to often play a decisive role in the quality of .
In people's minds, financial transactions, both highly paid members of the high-end talent, but also closely linked with high crime rates. High-paying ability is high-end talent in return, can be high in order to obtain income, financial traders often high-risk speculative violation, which is its present one important reason for high crime rates.
In recent years, financial traders marked increase in criminal cases, involving also the rise in the fields of stocks, bonds, foreign exchange, commodity futures, in particular, areas such as financial derivatives transactions. For example, in 1995, the British branch of Barings trader Leeson in Singapore were due to irregularities Nikkei futures speculation, resulting in 14 billion dollars in damage, leading to the bankruptcy of Barings Bank; the same year, the New York branch of Daiwa Bank trader Toshihide the wellhead speculative trading unlisted bonds to the company caused a loss of 1.1 billion; 1996, the Japanese Sumitomo Corporation trader Yasuo Hamanaka for copper futures speculation the company in which 26 billion dollars in damage; 2002, the U.S. branch of Allied Irish Banks Las ng foreign exchange trader foreign exchange speculation, resulting in the loss of 700 million U.S. dollars; and French bank Societe Generale El futures traders Cavey conducted in 2008 of stock index futures speculation, resulting in the loss of up to 49 billion euros, also known as the Financial the largest case of illegal trading history. |
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By :
Jessie Stone
Submitted
2010-10-23 08:38:16 |
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