2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
Modern Trader It was bought again by Jeff Joseph's Alpha Pages from Summit Media in 2013. As of 2018, the website is no longer operational and it is unclear if Modern Trader is still in circulation. Modern Trader Modern Trader is a U.S.-based monthly print investment magazine. The publication was established in 1972 under the name "Commodities". The name was changed to "Futures" in September 1983 and "Modern Trader" in 2015. The magazine is a standard source in futures and option trading, and its SourceBook site is a standard reference to US brokerage and related services. The Commodity channel index was first