2008 Société Générale trading loss the bank. Kerviel joined the middle offices in the bank Société Générale in the summer of 2000, working in its compliance department. In 2005 he was promoted to the bank's Delta One products team in Paris where he was a junior trader. Société Générale’s Delta One business includes program trading, exchange-traded funds (ETFs), swaps, index and quantitative trading. Bank officials claim that throughout 2007, Kerviel had been trading profitably in anticipation of falling market prices; however, they have accused him of exceeding his authority to engage in unauthorized trades totaling as much as €49.9 billion, a figure far higher than
Trader Monthly Trader Monthly Trader Monthly was a lifestyle magazine for financial traders founded by Magnus Greaves. The headquarters was in New York City. The target audience of "Trader Monthly" was the financial community with an average income at or exceeding US$450,000 and/or net worth greater than $2 million. This included traders who worked at banks, hedge funds, exchange floors, proprietary trading companies, independent firms, private offices, insurance companies, asset management firms, energy firms, and other trading locales. The magazine had a BPA Worldwide-qualified circulation of 106,710 subscribers and launched in November 2004. The target audience of the magazine was almost exclusively