In his new book, "Rogue Traders," Scott E.D. Skyrm, of New Canaan, highlights some of Wall Street's most notorious traders, who make Jordan "The Wolf" Belfort look like a Boy Scout.
Skyrm's book is an insider's guide to what happened when a handful of traders went rogue and found out that greed was no longer good. "Rogue Traders" is a behind-the-scenes look at how some of today's traders made millions, while going to great lengths to cover their tracks as their schemes unraveled.
Among the rogues portrayed are Drysdale's David Heuwetter, Baring Brothers' Nick Leeson, Merrill Lynch's Howard Rubin, Kidder Peabody's Joe Jett and Societe Generale's Jerome Kerviel, as well as Tom Hayes, a former trader at UBS and Citigroup, who is accused of manipulating the London interbank offered rate.
Skyrm is a former salesman, trader, trading desk manager and global business head in fixed-income, securities finance, and securities clearing and settlement. He worked for Newedge for more than 12 years, according to his website, scottskyrm.com. Prior to Newedge, he managed the repo desk at ING Barings, worked summers at Shearson Lehman/American Express and started his full-time career at the Bank of Tokyo.
He has written commentaries on the repo market, the short end of the Treasury market, Federal Reserve policy and general Wall Street topics for more than 20 years.
"Rogue Traders" is published by Brick Tower Press.