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by Tarq0n 3624 days ago
"HSBC gained approximately $5,000,000 from its execution of the Victim Company FX Transactions," or about 0.14 cents per dollar of the $3.5 billion transaction."

Am I misunderstanding what this says or is the amount of profit about two orders of magnitude off?

1 comments

$5,000,000 profit / $3,500,000,000 transaction volume = $0.0014 profit per dollar transaction volume. 0.0014 dollar are 0.14 cents. Seems correct to me.
Ah, I did in fact misread it, thanks.