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
Trading Futures Trading Futures Trading Futures is a BBC Books original novel written by Lance Parkin and based on the long-running British science fiction television series "Doctor Who". It features the Eighth Doctor, Fitz and Anji. One of the enemies in the book are the Onihr, a large rhinoceros-like species, notable due to their similarity to the Judoon. The cover and elements of the story are spoofs of the James Bond movies. The novel features a Bond-like character named Jonah Cosgrove, described by the author thus: “Cosgrove is (and I mean ‘is’ here in the very precise, non-trademark violating, sense of the