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
Today Trader of the typical day trader's experience". In a follow-up post, StockTwits founder Howard Lindzon described his dislike of the term "day trader" describing it as "tired" similar to the term "journalist". He also noted that traders Gomez "keep moving forward and adapt" to the current market conditions. Today Trader Today Trader, Inc is a trading and education service that started in 2008. As of 2013, trading with their service is done primarily through their relationship with the Ditto Trade online brokerage service. Since 2018, the venture serves as an educational hub. Steve Gomez and Andy Lindloff met at a Level