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by jsprogrammer 3620 days ago
What is the relevance of this comment?

The person arrested was "global head of foreign exchange cash trading". Is it normal for global heads to be making routine trades all day? (the article indicates it is not; again, only three trade days out of 10+)

From the article it sounds like this person was more involved in client relations/sales than technical execution.

1 comments

By the same token though, the entire FX book is under his jurisdiction, so it wouldn't have mattered if he'd delegated to another trader (except that it looks more culpable this way).