Scapegoat trader - Navinder Sarao | Forex Factory

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Scapegoat trader - Navinder Sarao

  • #1
  • First Post: Apr 24, 2015 12:06pm Apr 24, 2015 12:06pm
http://www.dailymail.co.uk/news/arti...ns-pounds.html


'Rogue trader lived in the suburbs because faster internet there gave him split-second advantage over City dealers worth millions of pounds'

Hahaha LOL, this statement is from an ignorant. 'Everyone' co-locate nowadays with distance metres from the server rack.
  • #2
  • Apr 25, 2015 12:59am Apr 25, 2015 12:59am
"Milking Markets Limited"
  • #3
  • Apr 25, 2015 1:09am Apr 25, 2015 1:09am
Quoting Supertrader9
http://www.dailymail.co.uk/news/arti...ns-pounds.html 'Rogue trader lived in the suburbs because faster internet there gave him split-second advantage over City dealers worth millions of pounds' Hahaha LOL, this statement is from an ignorant. 'Everyone' co-locate nowadays with distance metres from the server rack.
The news coverage on this and how the media is trying to click bait goes to show how ignorant and idiotic journalism has become these days.

It will be interesting to see how this case is settled. So even before the actual trial, the guy is termed a 'Rogue trader'?? And in the same breathe, the media hails the likes of Blankfein and Dimon.

Ignorance is stupidity in this case.

And why isn't RJ OBrien, the broker being taken to task I wonder?
  • #4
  • Apr 25, 2015 8:46am Apr 25, 2015 8:46am
Quoting jw1981
{quote} The news coverage on this and how the media is trying to click bait goes to show how ignorant and idiotic journalism has become these days.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
It will be interesting to see how this case is settled.
These journalists as I see are doing their job perfectly

On a bit serious note maybe there's more that we don't know. Same like the tragic Alp's incident.

Those guys have been front-running a lot of things which still may boggle one's mind.
  • #5
  • Apr 27, 2015 10:44am Apr 27, 2015 10:44am
Quoting jw1981
{quote} The news coverage on this and how the media is trying to click bait goes to show how ignorant and idiotic journalism has become these days.
The tabloid press have always been wary of the City in general and the stock market in particular. So any chance to show it in a negative light is gleefully jumped on. You only have to look at how they report share crashes and how many billions have been wiped off etc. Much more muted coverage when shares have a massive up-day or reach new all-time highs.
Fwiw I think this case is dodgy at best. US authorities desperate to pin the blame on a non-bank and a non-US bank at that. Hope extradition fails.
  • #6
  • Last Post: Apr 27, 2015 11:23am Apr 27, 2015 11:23am
Quoting 678Red
{quote} Hope extradition fails.
Judging by the court drawings published this morning the guy's still alright Standing with his arms crossed suggest that his lawyer is quite confident.
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