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Hong Kong Stock Market
Howie Hubler

1Lost USD 9 Billion in Credit Default Swaps

 

Year: 2008

Trader: Howie Hubler

Company: Morgan Stanley

 

Jerome Kerviel

2Lost USD 7.22 Billion in European Index Futures

 

Year: 2008

Trader: Jerome Kerviel

Company: Societe Generale

 

Amaranth Advisors

3Lost USD 6.69 Billion in Gas Futures

 

Year: 2006

Trader: Brian Hunter

Company: Amaranth Advisors

 

John Meriwether

4Lost USD 5.85 Billion in Interest Rate & Equity Derivatives

 

Year: 1998

Trader: John Meriwether

Company: Long Term Capital Management

 

JP Morgan

5Lost USD 5.8 Billion in Credit Default Swaps

 

Year: 2012

Trader: Bruno Iksil

Company: JP Morgan Chase

 

Yasuo Hamanaka

6Trading Losses: USD 3.46 Billion in Copper Futures

 

Year: 1996

Trader: Yasuo Hamanaka

Company: Sumitomo Corporation

 

Isac Zagury

7Lost USD 2.43 Billion in FX Options

 

Year: 2008

Trader: Isac Zagury, Rafael Sotero

Company: Aracruz

 

Robert Citron

8Lost USD 2.38 Billion in Leveraged Bond Investments

 

Year: 1994

Trader: Robert Citron

Company: Orange County

 

Heinz Schimmelbusch

9Lost USD 2.28 Billion in Oil Futures

 

Year: 1993

Trader: Heinz Schimmelbusch

Company: Metallgesellschaft

 

Showa Shell Sekiyu

10Lost USD 2.14 Billion in FX Forwards

 

Year: 1993

Trader: Company

Company: Showa Shell Sekiyu

 

Foreign Exchange

11Lost USD 2.09 Billion in FX Forwards

Year: 1994

Trader: Company

Company: Kashima Oil

 

Kweku Adoboli

12Lost USD 1.83 Billion in Equities ETF & Delta 1

 

Year: 2011

Trader: Kweku Adoboli

Company: UBS

 

Frances Yung

13Lost USD 1.82 Billion in FX Trading

 

Year: 2008

Trader: Frances Yung

Company: Citic Pacific

 

Nick Leeson

14Lost USD 1.78 Billion in Nikkei Futures

 

Year: 1995

Trader: Nick Leeson

Company: Barings Bank

 

Boaz Weinstein

15Lost USD 1.74 Billion in Derivatives

 

Year: 2008

Trader: Boaz Weinstein

Company: Deutsche Bank

 

Wolfgang Flottl

16Lost USD 1.56 Billion in FX Trading

 

Year: 2000

Trader: Wolfgang Flottl, Helmut Elsner

Company: BAWAG

 

Toshihide Iguchi

17Lost USD 1.5 Billion in Bonds

 

Year: 1995

Trader: Toshihide Iguchi

Company: Daiwa Bank

 

George Soros

18Lost USD 1.46 Billion in S&P 500 Futures

 

Year: 1987

Trader: George Soros

Company: Soros Fund

 

Boris Picano-Nacci

19Lost USD 1.06 Billion in Derivatives

 

Year: 2008

Trader: Boris Picano-Nacci

Company: Groupe Caisse d’Epargne

 

Adriano Ferreira

20Lost USD 1.09 Billion in FX & Credit Options

 

Year: 2008

Trader: Adriano Ferreira, Alvaro Ballejo

Company: Sadia

 

Movie

21These 20 Traders Lost USD 63.14 Billion (2007 USD)

 

Year Aggregated: 1987 – 2012

Calculation Method: Adjusted for Inflation to 2007 USD

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