Category: OTC Trading
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Rogue Trader
Nick Leeson, the infamous trader whose 1.4B loss led to the collapse of Barings Bank 30 years ago. Leeson reflects on his overwhelming feelings of embarrassment and shame stemming from his role in the bank’s downfall, emphasizing that despite a successful start to his banking career, he ultimately failed to achieve what he wanted.…
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Dark Pools vs Lit Trading
Dark pools, around since the 90s, are legal and regulated, but trades are kept hidden until after execution. They have grown in popularity, capturing 40% of US market share in 2021, and are used by hedge funds, pension funds, mutual funds, and brokers. Dark pools offer anonymity and potential additional liquidity, but lack of transparency…