Stock trader to comply with in their respective jurisdictions; or that tax free stock market operations are useful to boost economic growth. Beyond these costs are the opportunity costs of money and time, currency risk, financial risk, and Internet, data and news agency services and electricity consumption expenses—all of which must be accounted for. Jerome Kerviel (Société Générale) and Kweku Adoboli (UBS), two rogue traders, worked in the same type of position, the Delta One desk - a table where derivatives are traded, and not single stocks or bonds. These types of operations are relatively simple and often reserved for novice traders
Jérôme Kerviel a profit made the hierarchy turn a blind eye. Kerviel published a book in May 2010, "L'engrenage: Mémoires d’un Trader" (The gears: Memoirs of a Trader), in which he alleges that his superiors knew of his trading activities, and that the practice was very common. Jérôme Kerviel grew up in Pont-l'Abbé, Brittany. His mother, Marie-Josée, is a retired hairdresser, and his father, Charles, who died in 2006, was a blacksmith. Kerviel has an older brother, Olivier. Kerviel is married, but he and his wife separated in 2008. He graduated in 2000 from University Lumière Lyon 2 with a Master of