Rogue Trader Video Worth Checking Out
July 26, 2008
Brett Steenbarger was recently included in a video taped by France 24. The focus of the video was on the subject of rogue traders, obviously inspired by the Jérôme Kerviel events. Part of the filming took place at a prop shop where Brett does some advisory work on the coaching side. (and yes, it’s in English)
The video features Joseph Jett who has for more than a decade been fighting to clear his name in regards to accusations made against him while he worked for Kidder Peabody. Jett told his side of the story in his book Black & White on Wall Street. I read the book back when it was originally published and found it very interesting. There are some quite technical parts (Jett was in the fixed income market in some complex strategies), but most of the book is fairly easy to read.
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Very interesting to see inside Kingstree Trading – for a small firm they used to do a huge percentage of the volume in emini S&P.