Nick Leeson
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This drama, based on a true story, follows Nick Leeson (Ewan McGregor), a young British man working at Barings, a major investment bank. Sent to Singapore and placed in a position of authority at...
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Rogue Trader (MIRAMAX) The riveting true story of Nick Leeson, a futures trader whose risky financial wagering brought down Barings Bank, one of Britain’s oldest and most successful financial institutions. Rentals include 30 days to start watching this video and 48 hours to finish once started.
- 101 min
Jan 24, 2024 · With Paulo Andre Aragao, Tom Bowen, Patrick Dewayne, Thure Riefenstein. Ambitious investment banker Tom Walker is catapulted from the back office of a bank to its hectic trading floor, where quickly he is responsible for the most complex and important portfolio of the ailing financial institution.
- (112)
- Thriller
- David Preute
- 2024-01-24
Rogue Trader tells the true story of Nick Leeson, an employee of Barings Bank who--after a successful trading run--ends up accumulating $1.4 billion in losses hidden in account #88888.
- (33)
- James Dearden
- R
- 12
- Film Summary
- Financial Concepts from The Rogue Trader Film
- Key Insights For Investors
- Relevance to The Simtrade Certificate
- Famous Quote from The Rogue Trader Film
- Related Posts on The Simtrade Blog
- About The Author
‘Rogue Trader’ recounts the exploits of Nick Leeson and his role in the downfall of Barings Bank, one of the single largest financial disasters of the nineties. Directed by James Dearden, this film encapsulates the economic and social changes of a tumultuous period. Leeson is a young derivatives trader sent to work in Singapore for Barings Bank, a ...
Financial derivatives
For any new investors, financial derivatives describe a broad class of trading instruments that have no tangible worth of their own, but “derive” their value from a claim to some other financial asset or security. A few examples include futures contracts, forward contracts, put and call options, warrants, and swaps. Derivative trading started from the practice of fixing contracts ahead of time, as a way for market players to insure against fluctuations in the price of agricultural goods. Even...
Barings Bank
Founded in 1762, Barings Bank was the second oldest merchant bank in the world before its collapse in 1995. Barings grew from being a conservative merchant bank to becoming heavily reliant on speculation in the global stock markets to accumulate its profits. The derivatives market was somewhere this could be done in a very short space of time. Following the stock market crash of 1987, derivatives became central to the banks’ operations as they sought to offset their declining profits. The vol...
Tiger Economies
The term “tiger economies” is used to describe the booming Southeast Asian economies of South Korea, Taiwan, Hong Kong, and Singapore. Following export-led growth and especially the development of sophisticated financial and trading hubs, Western interest spiked for these untapped markets in the 1990s.
Don’t Lose Sight of Reality
An important insight is noticing how Leeson forgot to consider the real-world impact of his trades. He reflects on seeing trading as just artificial numbers flashing across screens, “it was all paid by telegraphic transfer, and since we lived off expense accounts, the numbers in our bank balances just rolled up. The real, real money was the $100 I bet Danny each day about where the market would close, or the cash we spent buying chocolate Kinder eggs to muck around with the plastic toys we fo...
Destructive Practices
Other employees at Barings Bank most likely relied on internal auditors to discern wrongdoings or mistakes made by others, but as can be seen from Leeson’s case, regulators can be slow to catch on to any wrongdoing – especially when there are large profits involved. The lesson here is that an investor must be aware and proactive in helping to prevent other investors from engaging in destructive trading practices. This is especially true when it comes to newer markets or products, where regula...
Tacit Agreement
While Leeson is assumed to be the villain, consider how Barings was able to contravene laws forbidding the transfer of more than 25 percent of the bank’s share capital out of the country for nearly every quarter during 1993 and 1994? Ignorance is not an excuse – tacit agreement is as effective as active engagement. A lesson here is that investors should remain informed on all their business engagements regardless of how much profit it being made.
Through the SimTrade course, as well as a strong understanding about trading platforms and orders, you are taught about information in financial markets and how to use this to make successful trades. Several case studies teach you how to analyse market information to make valuations, and correctly assess how market activities will affect your own t...
Nick Lesson: “Despite rumours of secret bank accounts and hidden millions, I did not profit personally from my unlawful trading. To be absolutely honest, sometimes I wish I had.”
All posts about financial movies and documentaries Akshit GUPTA Analysis of The Rogue Trader movie(another analysis) Akshit GUPTA The bankruptcy of the Barings Bank (1996) Jayati WALIA Value at Risk
Article written in November 2020 by Marie POFF(ESSEC Business School, Global Bachelor of Business Administration, 2020).
Rogue Trader (2019) cast and crew credits, including actors, actresses, directors, writers and more.
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Ambitious investment banker Tom Walker is catapulted from the back office of a bank to its hectic trading floor, where quickly he is responsible for the most complex and important portfolio of an ailing financial institution.
