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
Galactic Trader Galactic Trader Galactic Trader is a multiplayer, text-based, space trading video game for the OpenVMS platform. "Galactic Trader" was created in the early 1980s by Stephan Meier. Meier released five major versions, with the final release being 5.33 on February 6, 1992. "Galactic Trader" is a space-based commodities trading game which shares many ideas with the personal computer game "Elite", such as the hostile Thargoid race, player ranks, and the names and descriptions of some ships and equipment. In the most commonly encountered version, 4.55, the player begins as a trader with 200,150 credits, enough to buy a basic trading