This is the story of John Sussex, a highly successful derivatives trader whose career has spanned the radical technological, social and political changes which took place in the City of London during the Eighties and Nineties. A life-changing visit to the trading floor of the Chicago Board of Trade in 1981 made John determined to realise his destiny as a pit trader and he began his career on the floor when the London International Financial Futures and Options Exchange (Liffe) first opened. A tough demeanour and quick-thinking mind soon made him a top-performing trader in the pits. John went on to serve on the Liffeexecutive board and through the course of his career worked with many important figures in hi-finance, including Clara Furse, the current chief executive of the London Stock Exchange, John Meriwether, the man behind one of the world's largest hedge fund collapses in the late Nineties and David Kyte, the formerfloor trader who now operates his own trading arcade having amassed a personal fortune of ú60 million. John's career is peppered with exciting events whichprovide a fascinating biographical backdrop to the period when derivatives first took off in the city of London. These include rogue trading incidents, theimpact of the transition to electronic trading from open outcry (which left some stellar traders working as fish mongers on market stalls) and the rivalry between Liffe and the Frankfurt-based derivatives exchange Eurex. But it is the personal stories of many of the pioneers of open outcry trading in London which will be the primary focus of the biography. Ordinary people , many of whom, like John, came from humble backgrounds to amass personal fortunes and sometimes live lavish lifestyles fuelled by their success as traders. The biographywill capture the atmosphere and sometimes brutal reality of the trading pits.The book will be packed full of exclusive - until now not reported - stories on what happened. It will shed new light on what motivated characters such as Nick Leeson and will also reveal how hugely important figures such as John Meriweather operated in the markets.
- ISBN: 978-0-470-74173-3
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 184
- Fecha Publicación: 17/07/2009
- Nº Volúmenes: 1
- Idioma: Inglés