<t>QuoteOriginally posted by: tu160I think the main reason is that people with quantitative background are severely underpaid in Moscow. And even if you find a place with competitive salary you carry a huge risk that you will not find second job like that.Exactly. I'm back to Moscow 3Y ago, and neve...

<t>QuoteOriginally posted by: Traden4AlphaQuoteOriginally posted by: farmerSince there is no mention of damage or fraud at the futures exchange, then SocGen must have had $7 billion on deposit at the clearinghouse. Does anybody know the typical amount a firm like this would have on deposit there? $5...

indeed, according to his CV, it was market maker (usually having low limits)

<t>QuoteMany banks have insurance against employee fraud, and so SG may prefer subprime losses to be "expressed" that way.Do you really believe that SG are trying to hide subprime losses with equity index activity?Also do you believe that a "computer genius" could mention only one technical skill in...

1. I wonder if the stock market turmoil at the beginning of the week was provoked by unwind of these positions?2. Does anybody know some technical detail about the fraud? (I suppose it would be like Leeson who used not visible for MO and MR account)