2008 Société Générale trading loss taken massive fraudulent directional positions in 2007 and 2008 far beyond his limited authority" and that the trades involved European stock index futures. Though bank officials say Kerviel apparently worked alone, skeptics question how unauthorized trading of this magnitude could go unnoticed. Kerviel's unassuming background and position have heightened the skepticism that he worked alone. Some analysts suggest that unauthorized trading of this scale may have gone unnoticed initially due to the high volume in low-risk trades normally conducted by his department. The bank said that whenever the fake trades were questioned, Kerviel would describe it as a mistake then
The Coffee Trader on the sort of character I wanted to see in that situation." The Coffee Trader The Coffee Trader is a historical novel by David Liss, set in 17th-century Amsterdam. The story revolves around the activities of commodity trader Miguel Lienzo, who is a Jewish refugee from the Portuguese Inquisition. Recovering from near financial ruin, he embarks on a coffee trading scheme with a Dutch woman, kept secret because it is forbidden by his community council. Miguel navigates the social structures of the Amsterdam business world, the politics of the council, and the plots of competitors bringing this new import to