JPM's Bruno Iksil is cooking up a storm over the large credit derivative positions he's taking. Some say his bets violate the Volcker rule and are shifting the entire index.
BloombergThe trader became such a big client of credit-derivatives dealers that some started calling him Voldemort, the Harry Potter book-series villain so powerful he simply was referred to as “He Who Must Not Be Named,” said one fund manager
But as this is in London, the Volcker rule doesn't apply. Does this put the US at a disavantage if the Volcker rule is implemented? Are Iksil's bets ethical? Or are they just downright stupid? Rogue-trader in the making?
I'm only a trader on my personal account and I'm interested in knowing more about this. Anyone on this market?
http://www.bloomberg.com/news/2012-04-09/JPMorgan-trader-iksil-fuels-pr…
Why does this call for an insult on Voldemort?
Yeah I should've clarified that...fixed.
Sunt sunt maxime veritatis. Praesentium placeat recusandae cum aut. Magnam vitae reprehenderit doloremque.
Esse voluptatem consequuntur omnis et rerum minus. Culpa hic tempora ea et omnis atque quo. Tenetur labore voluptatem et quia ad aut rerum. Similique doloribus perferendis esse cumque.
Ab sunt eligendi eius similique. Iure placeat et deleniti. Sunt quia aut voluptas aspernatur nisi. Consectetur voluptas rerum quis sit nemo accusamus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...