Rogue Trader movie plot

2022-04-10 08:01
Nick Leeson, a clerk at Barings Bank in the UK, wanted to be an exchange trader. Make a fortune in the financial world. Everything seemed to be destined, and the opportunity to display his talents came quickly. First, he was sent to Jakarta to deal with a long-shelved bond dispute. Such a task was a piece of cake for Nick, and things died down quickly. Fortunately, he also met the young and beautiful Lisa there, and the two fell in love at first sight. They soon arranged a wedding and became a couple. The new expenses after the marriage made Nick work harder. With his own cleverness, he soon discovered that using the difference between the client's futures account opening margin and maintenance margin for turnover is a means of making a fortune. After a stock loss, Nick repeated his old tricks, and the situation was not optimistic. Fortunately, the Nikkei futures he held rose all the way, finally covering the loss. His wife turned pale when she learned of this, and Nick promised not to take such a risk again. Nick was named the general manager of Barings Bank's Singapore Futures Company because of the high fee income generated by the amazing transaction volume, and became the envy of his peers. Soon after, he became the "ace" trader on the exchange. Nick's trades got bigger and bigger, but there were occasional misses. To this end, he set up a wrong account 88888, in order to temporarily store those wrong transactions, but gradually, the wrong account was repurposed in Nick's hands. He included his failed trades to cover losses. With the promotion of his position, his pressure is also increasing. He is busy with work all day, and inadvertently ignores his newly married wife. Nick didn't realize this fact until Lisa neglected to take care of the miscarriage.
But it's too late, and Nick's gamble is getting so big that it's out of control. He does deceit every day and lives a life of fear. Finally, during a company audit, Nick's erroneous account was exposed. This time he will face not just losing a job but spending the rest of his life in prison. Under all irreversible defeats, Nick and Lisa chose to flee. Just as they were proud to be able to escape, the police showed up on the plane and Nick was arrested. Nick was sentenced to six years in prison on multiple charges, but was released after four years in prison after being diagnosed with cancer in a Singapore jail. But at this time, his beautiful wife Lisa has moved away. 
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Extended Reading
  • Zachery 2022-04-22 07:01:59

    The first lessons of futures trading and currency banking were watching this movie. Although the film is a little bloody, it is basically realistic. The collapse of Barings wasn't all Nick's problem. It's ironic that a problem that can be solved by doing a good balance sheet has caused such a big old company to collapse...

  • Suzanne 2022-04-10 09:01:09

    Ivan classmate, he has the excellent quality of acting like a British actor.

Rogue Trader quotes

  • Tony Hawes: You're down for 450, aren't you? Your bonus? Only a week to go.

    Nick Leeson: Sorry?

    Tony Hawes: Have you thought about what you're going to do with it? Only a week to go.

    Nick Leeson: [taps his glass and rises] Excuse me, I have an announcement to make. I know that some of you are worried about our exposure in the market and you're probably wondering about the identity of our mystery customer X. Well, the fact is he doesn't exist. We are the customer, Barings. And if you look properly at the five eights account, which is not a client account at all, it's an errors account, you'll realise that it's concealing losses in the region of 200 million pounds. No, I tell a lie, it's more like 230 after today.

    [shocked, the executives abruptly vomit into their dinners. The picture fades back to a few moments earlier as Nick emerges from a daydream]

    Tony Hawes: Only a week to go. What are you going to do with all that money?

    Nick Leeson: Well, I'm not going to spend it on futures and options.

    [everyone else laughs]

  • Peter Baring: [getting off the phone] That was the Sultan of Brunei's office. They've decided not to proceed, they believe the risks are too great and the time too short in view of the need to have a rescue package in place by the time the markets open again in the Far East.

    Simon Jones: Is there really no one else?

    Peter Norris: We've tried everyone. It's hopeless.

    Peter Baring: I therefore have to inform you that Barings is insolvent and will go into immediate liquidation.

    [Peter Norris bursts into tears]

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