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elearning > Rogue trading

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Learn about the following:

What rogue trading is and how much it can cost you. A classic case of rogue trading. How rogue trading can occur. How you can reduce the risk of rogue trading.

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Course Summary

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  • 40 minutes
  • 8 question multiple choice
  • What rogue trading is and how much it can cost you
  • A classic case of rogue trading
  • How rogue trading can occur
  • How you can reduce the risk of rogue trading

Rogue Traders - the details

1. What is rogue trading?

  • Low frequency, high losses
  • How serious?
  • Rogues gallery
  • Damage to the firm
  • Credit, reputation, morale, jobs, fines and penalties

2. A case of rogue trading

  • NAB 2004
  • What happened
  • False trades
  • Market risk
  • The investigative report

3. What can you do about rogue trading?

  • A series of questions designed to ask you about your business
  • Self test no results or score retained
  • How does your firm make money?
  • Front office culture and governance
  • Segregation of duties
  • Risk information and its use
  • Off market transactions
  • The skill levels of staff in control functions
  • Escalation processes

4. Test (no pass or fail)

Related Documents

Registration RequiredQuick Guides > Rogue Trading 100% relevant

In March 2008 the FSA issued Market Watch No. 25. In this report the FSA highlights the measures firms should consider when reviewing systems and controls used to protect against the risk of a rogue trader. Overall the newsletter is helpful and the FSA correctly identifies and comments on a number of issues. Whilst not formal guidance the newsletter from Markets Division contains a number of surprising comments that if followed could lead to problems with the regulator.


Free to ViewTreasury Consulting > Evaluating trading risk 37% relevant

The traders were dealing in structured notes, these contained options. The options exposed the firm to certain risks. The in-house risk management system did not accurately identify and value the risks.


Payment RequiredMarket Guides > How dealers make money 35% relevant

15th October 2009

If you don't work as a dealer you probably see transactions or their results after they have been completed. Your role may be in operations, finance, risk, audit or compliance. You expect dealers to be profitable, after all isn't this what they are paid for? You definitely know that they can lose money too! So how do dealers make profits and what are the implications for the business? There are three ways a dealer can make money: