Rogue trader

Rogue trader

A rogue trader is an authorised employee making unauthorised trades on behalf of their employer. It is most often applicable to financial trading, and as such is a term used to describe persons - professional traders - making unapproved financial transactions.

This activity is in the grey area between civil and criminal illegality for the reason that the perpetrator is a legitimate employee of a company or institution, yet enters into transactions on behalf of their employer without permission.

One famous rogue trader is Nick Leeson, whose losses were sufficient to bankrupt Barings Bank in 1995 following his ill-advised and unauthorized investments in index futures. Through a combination of poor judgement on his part, lack of oversight by management, a naive regulatory environment and unfortunate outside events like the Kobe earthquake, Leeson incurred a $1.3 billion loss that bankrupted the centuries-old financial institution.

Table of largest rogue trader losses

ee also

* List of trading losses


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  • rogue trader — rogue traders N COUNT (disapproval) A rogue trader is an employee of a financial institution who carries out business without the knowledge or approval of his or her bosses. [BUSINESS] ...the unauthorised dealings by rogue trader Nick Leeson… …   English dictionary

  • rogue trader — UK US noun [C] FINANCE ► someone at a financial organization who loses a large amount of its money in bad or illegal transactions , and who tries to hide this: »The banking industry cannot afford many more rogue traders tarnishing its reputation …   Financial and business terms

  • Rogue Trader — bezeichnet den Originaltitel des Films Das schnelle Geld – Die Nick Leeson Story den Originaltitel des Tabletop Spiels Warhammer 40,000 den Originaltitel eines Pen Paper Rollenspiels Freihändler: Warhammer 40,000 Rollenspiel#Freihändler …   Deutsch Wikipedia

  • Rogue Trader — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. Rogue Trader, livre autobiographique de l’opérateur de marché britannique Nick Leeson. Trader (film), film dramatique britannique réalisé par James… …   Wikipédia en Français

  • Rogue trader (disambiguation) — Rogue trader can refer to *Rogue trader, person who trades financially in an unauthorised manner * Rogue Trader (book), the autobiography of (and later a movie about) Nick Leeson, the man who caused the collapse of Barings Bank *Rogue Trader… …   Wikipedia

  • Rogue Trader (book) — Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World is a book by Nick Leeson, who served four years in prison for fraud after bankrupting the London based Barings Bank in 1995 by hiding $1.4 billion in debt he accumulated… …   Wikipedia

  • Rogue Trader (film) — Infobox Film name = Rogue Trader image size = caption = Video release poster director = James Dearden producer = Janette Day James Dearden Paul Raphael writer = James Dearden Nick Leeson (autobiography) Edward Whitley narrator = starring = Ewan… …   Wikipedia

  • Rogue Trader — A trader who acts independently of others and, typically, recklessly usually to the detriment of both the clients and the institution that employs him or her. Rogue traders typically trade in high risk investments which can create huge losses but …   Investment dictionary

  • rogue trader — …   Useful english dictionary

  • Trader (film) — Trader Données clés Titre original Rogue Trader Réalisation James Dearden Scénario James Dearden Nick Leeson (autobiographie) Edward Whitley Acteurs principaux Ewan McGregor Anna Friel …   Wikipédia en Français

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