Unravelling Sumitomo’s Market Manipulation

Published on
September 27th, 2019
Duration
17 minutes


Unravelling Sumitomo’s Market Manipulation

Perfect Timing ·
Featuring Greg Agran

Published on: September 27th, 2019 • Duration: 17 minutes

Greg Agran, former global head of commodities trading and partner at Goldman Sachs, shares with Tony Greer how he was tasked with unwinding the position of a trader who illegally manipulated copper markets while at Sumitomo. After determining how much money was lost, Agran reveals how fortunate he was to be at the right place, at the right time, and offset the firm’s losses. This clip is excerpted from a video published on Real Vision on May 16, 2019 entitled “The Evolution Of Commodities Trading.”

Comments

Transcript

  • GC
    Gavin C.
    19 November 2019 @ 20:56
    A book worth reading is a fictionalised account of this rogue trading scandal called "Tarnished Copper" by Geoffrey Sambrook.