A Dutch rogue trader
There’s a new movie coming up about a rogue trader, not surprising after all those Adoboli’s and Kerviel’s last years. Even better, it’s a Dutch movie, not surprising with all the Dutch trading firms ruling the global markets (ok, just kidding). Had the opportunity to have a coffee with the guys behind “Onbeperkt” (“Unlimited”).
Their knowledge about financial markets is pretty limited, but director Tom van Blommestein has been interviewing a dozen traders in the last couple of weeks to get a clear picture. After all it won’t be a movie about trading, but about a (former..) trader. Matthijs van de Sande Bakhuyzen will play the lead role and scenario by Philip Rolig. Shooting will start in a few weeks.
It’s a graduation project by the Nederlandse Filmacademie. Will be broadcasted on national television and shown on film festivals around the world. The guys still need some financing for their film, and started a crowdsourcing item on Cinecrowd. Somehow they only need a tiny 300k 3k – of which only 1k is still left. With all you billionaire traders reading this, consider donating a few bucks.
One day there will be subtitles. But not yet.
first,
you gotta give it to dutchchies for being the real trading community, nobody with such small scale would ever think of making a film about a ‘rogue trader’
What’s the latest news on Tibra affairs ? Are they broken yet ?
looks like you got fired from there and can’t wait to explain your firing in an interview by blaming the company going broke?
Amsterdam Trader comments are probably all just the same two people, or possibly even one person, pretending to have a conversation because they have no life.
Een leuk initiatief maar als je de plot leest blijkt het meer een psychologisch drama te zijn dan een actiefilm. Ik ben benieuwd of de linkse filmmakers er in slagen zich te kunnen verdiepen in de rechtse motivatie van de financiele industrie. Gezien het verhaal is er kans op bepaalde moraal, het gaat tenslotte over een faler. Maar we zien wel. Good luck boys.
yes, people here have no life, they are lifeless, don’t you dare mess with the dead
How is Google Translate –
‘A nice initiative but if you read the plot turns out to be more than an action movie. A psychological drama I wonder if the leftist filmmakers succeed in being able to delve into the right motivation of the financial industry. Given the story there is risk of certain morals, it’s finally over a Faler. But we’ll see. Good luck boys.’
Define “fired”
Will there also be an english version?
No
What about German?
Just like any other hospital- or policemovie. It will probably be way off reality anyway.
It looks boring.
it looks very amateur both in film quality and story line, 3k sounds about right for it
I hear Hilgers is bankrolling $100 million on an epic trilogy on his own life in trading.
you are very funny
Anyone hear about scam in UK for traders to invest money tax-free in film; then film would fail but trader still get money back? I can not remember details . Anyone know if it was true?
yes, this is a known HMRC loophole widely used, let me google that for you
Define “scam”
You invest £50K in the film distribution rights as collateral against which a friendly bank “lends” you £500k in a “non recourse” loan. The money is held in a kind of trust by the company selling the rights. If the film doesn’t do as well as expected (nearly always the case as the rights have a very high strike price) then the bank takes back its £450K. You have a paper loss of £500k (although the real loss is really £50K plus £20K in fees to the tax scammers organising this) which you can save 40% to 45% in income tax rebate against those losses – so £200k to £225K if you pay that much tax.
So it only makes sense if you earn decent dosh.
Didn’t seem great from a legal perspective when it was presented to me, as many people are now finding out to their cost, but a lot people did have success in the early days.
Some few people were even lucky enough (first Twilight film) whose rights went unexpectedly in the money so they made more on the upside that their income tax bill – but this is very rare. These schemes are designed to fail.
money is not created out of thin air, if you are making risk free cash out of treasury’s pocket, don’t expect to get away with it for long
Person who keeps looking for definitions – get a life
Tibra is nearly bankrupt – I hear some top brass in Europe are defecting in the next few weeks.
The founders of tibra were junior to the AK and eclipse guys and made more moolah than their optiver seniors can ever imagine. Time to sell and leave if the above rumour is believed to be true.
Trouble is you can’t sell – no-one will buy Tibra shares and there are strict limits on how much Tibra will recapitalise.
Tibra shares have been trading at book value for a while now. Long gone are the days when senior staff would “encourage” their employees to pay book plus 4.5 times earnings in the great ponzi scheme.
These guys should just throw in the towel and cash out at book.
what is the value of Tibra now? Any clue?
define ‘life’
tibra, imc, all options, liquid, source have been going bankrupt for years now, next
and what’s seniority got to do with making money?
who is AK?
Value of tibra = depends on who is selling and who is buying
Imagine hiring a kid, teaching him the tricks of the trade, treating him like a junior and then seeing that same junior walk out and build something bigger in front of your own eyes.
In the world outside of MM sure it is a great satisfying feeling to see your protege succeed. But in this small minded mine is bigger than yours business, nobody likes it.
if you don’t like it, then don’t hire a junior or hire a junior and then don’t teach him anything and fire him at the end of the year, that seems to be pretty popular in your small minded mentaliteit world
tibra hasn’t been bankrupting before this year. they did quite ok in 2012. big layoffs, office closures, rgm dismissal started to happen in 2013.
You completely missed the point of the comment?
Define “the point”
the point is that disgruntled employees fairly or unfairly have been talking a lot of bs about all these firms, let’s hear facts or something new, not the same old bs
here is the prime eg of the point
‘nearly bankrupt’
‘I hear some top brass in Europe are defecting in the next few weeks’
same old bs ? the first time I hear that tibra is near the bankruptcy.
@9:17 pm that’s just plain not true. AsiaPac RGM Michael Ohlsson was dismissed in 2012, to allow directors more direct control.
unlike you not everyone is behind the curve, some of you more prescient colleagues predicted the tibra bankruptcy years ago
Predicted ? How ? The company makes money in MM it stays afloat, doesnt goes down. No one could predict that the volumes in MM went down so drastically.
A year ago they had $133m in net assets and zero debt. They are making money this year so rumors of bankruptcy are being pulled out of someones bum.
Closing offices and laying off people (perhaps thanks to an ongoing automation of activities) sounds like a sane thing to do to keep a company healthy instead of letting it slowly bleed due to high overhead costs. Unless the firm is indeed going very badly, but time will tell.
just because you can’t read the warning signs doesn’t mean everyone else is also poor at being able to predict the likely course of events?