Wednesday, June 30, 2010

TUI - So Euro

Oil oil everywhere. The Financial Services Authority - England's SEC - busted an oil future trader Stephen Noel Perkins for TUI. Trading under the influence. You can read the story here, but the upshot is that Perkins built up a net long position in ICE Brent crude-oil future while wasted between 1:22 am and 3:41 am in London last summer. Sounds like fun.

What's funny is that I was hanging in London last summer and was definitely not trading oil futures during the witching hours. But I was watching Snipes trade linguistics and Facebook futures at Bijou. And it actually was fun.

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