Banking Strategy???

[Scholes]

Hi fellow traders;

I know the thread's title is a bit confusing, but it really is about strategies used by bank traders. Does anyone know if banks force a particular strategy for their traders or it allows them to trade using any strategy they feel like using. As far as i'm concerned, I think banks allow their traders use any strategy they are comfortable with and the reason I believe so is the scandal that happened in UBS lately where a trader caused them a loss of 2 billion dollars. What are your thoughts?

[Tiger]

I think the strategy used by bank traders is just set up a buy and sell price make movements relating to that price. The scandal in UBS was caused bacause that trader was trying to impress his bosses and made trades following his own instincts...

[Scholes]

I think the strategy used by bank traders is just set up a buy and sell price make movements relating to that price. The scandal in UBS was caused because that trader was trying to impress his bosses and made trades following his own instincts...

About that UBS trader, the investigation showed that he lost a couple of hundreds of thousands spread betting with IG Index and made a few thousands with Capital Spreads.

[Dawdi]

Banking strategy. Interesting topic

Let me ask how did Kweku Adoboli's mistakes cost UBS £1,400,000,000 (He also lost himself £123,000.00 spread betting with IG Index)
Or ask Jérôme Kerviel, the former Société Générale trader how did he manage to cost SG almost 50 billion euros
Or ask traders at JP Morgan London about the mess they have created in the derivatives market

There is no such strategy, these traders are hungry to make money for themselves and disregard any risks involved in the investment they make

[Rhod]

These traders just turn up to work to get paid!!! They don't really care much if they make their clients money or not, as far as the banks is doing ok... The real traders are hedge fund traders, if they don't make money using effective strategies, they will shut down their business!!!