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We all knew this is inevitable, but had no idea how high profile the victim could be. Bloomberg and the Financial Times are reporting that some trades of high profile hedge funds, including George Soros’ short positions on Dutch banks, have been exposed due to a human error.
The question here is not why this data has been published, but rather, how can we trust humans with extensive information on financial markets positions? If certain individuals at the Dutch financial regulator have access to such data, they could easily disseminate it to interested third parties.
The vulnerabilities of the system have been ... (read more)