Conflict on a Trading Floor The case describes the ethical dilemma occurred in FirstAmerica Bank. The sales department of the bank was preparing a 700 mln. USD loan contract for one of the bank’s former client: Poseidon Cruise Lines. Poseidon intended to order a large cruise ship for their fleet to a French shipyard, which required a contract to be signed for five years and in French francs. This in turn raised concerns in Poseidon management, related to the possible economic costs/losses related
CONFLICT ON A TRADING FLOOR (A) CASE SUMMARY Brief background and context: Junior salesperson ("Seth"), an assistant on the non-dollar derivative desk of FirstAmerica (“FA”), finds himself in a difficult situation and has to decide what course of action to take as relates to going along with misrepresenting material facts to a key client, Poseidon, in conjunction with their hedging of French Franks relating to the $700 million equivalent cost of the five year construction of a new cruise
revealed that there is a high probability of the firm being the devalued beyond market capitalization, the firm and its division heads attempt to find a solution to the imminent crisis. Although there is some dissent from Sam Rogers, Head of Sales and Trading, CEO Tuld promptly decides to liquidate the firm’s toxic assets onto the market. However, there is much internal tension between the chief officers in that they individually represent different predicaments. In the end, Margin Call illustrates conviction
It all started on July 1, 1992. Mr. Nicholas Leeson was a registered seat holder on the SIMEX floor, the Singapore International Monetary Exchange. He was working for Barings Futures Singapore, a recently settled subsidiary of the oldest merchant bank of England, put in charge of operations with responsibilities for the front and the back office (Jacque, 2010, p. 147). Leeson wasn’t new to performing clerical tasks, indeed he had been working in 1987 in the back office of Morgan Stanley and specialised
, act 5 scene 3 and act 1 scene 1 . In act 3 scene 5 we see a lot of conflict between Lord Capulet and Juliet we can see this from the following line “Hang thee, young baggage disobedient wretch!” this line shows that there is conflict because Lord Capulet is calling Juliet a “disobedient wretch” which negative language and that make the audience believe that he is angry so that means there must be some sort of conflict going on i would stage this scene
downtown Manila, the MSE moved to Pasig City in 1992. The MkSE, on the other hand, was established in May 1963 and became the second bourse to operate in the country. It was based in Makati City, a budding business district during those days. While trading the same listed
CONFLICT BETWEEN EMPLOYEES OVER MISBEHAVIOUR INTRODUCTION: In general conflict resolution is mostly concentrated on the conflicts that have occurred in the public. In this report I have tried to explain the circumstances that lead to conflict in workplace. This report analyses the situation using organizational behaviour concepts and gives an alternatives to avoid this kind of situations in future and my learning’s. Time period: August 2013 BACKGROUND: Paul and I were working alongside
traders reached at this level of trading. So I can evaluate the efforts, struggles and learn to implement on myself, to improve my trading skills. In this book Mr.Schwager has interviewed those traders who have struggled during the last 3 decades of the 20th century. All the traders are from the United States of America. And they talk about: Futures & currencies. Stocks. Trading floor. The psychology of trading. The interbank currencies market. Trading provides great
markets are markets where securities are traded such as bonds, stocks, governmental, and corporate. The New York Stock Exchange is an example of a secondary market, and is one of the oldest and largest in terms of volume. The NYSE exchange floor consists of separate trading rooms all connected by passageways that allow members to walls from room to room to execute orders. Each room contains mechanical and electronic equipment for use in operation of business.
created new nations and had sparked tensions that exploded across from 1914 till 1918 that changed the dynamics of the entire world. Modern and advanced weaponry used in the war had wrecked the entire generation of young men. The US entered the conflict late in 1917 and after that the country was never the same. The US emerged as a global military power after the war. The war had strengthened national pride and powered distresses that the Progressive Era had hoped for the modern world.