NEW CANAAN, Conn. -- New Canaan author Scott Skyrm will talk about his latest book, "Rogue Traders," on Tuesday, July 15, at 7 p.m. at the New Canaan Library.
Skyrm is one of the leading figures in the repo and securities finance markets today and is regularly quoted in The Wall Street Journal, The Financial Times, Bloomberg News Service, Reuters, Market News, The New York Times, and Dow Jones.
In his new book, "Rogue Traders," Skyrm writes about the bad boys of Wall Street.
"Beginning in the 1980s, it was not uncommon to find that a freshly-hired trainee—a kid literally right out of college—knew more about the new financial instruments than the CEO of the firm that hired him," says his website. "In some instances, the kids were learning about the finer points of newly invented instruments before their managers knew they even existed. These were the new breed of traders scattered across the trading desks."
The individuals are some of the smartest people you’ll ever read about.
"They had an intimate understanding of the markets and how best to make money from them, but they also had an equally in-depth knowledge of some of the flaws in the markets," the website says. "Or sometimes, flaws in the systems at the banks themselves. They used their knowledge to make money. And when that failed, they often used their knowledge of how they system was structured to hide their losses. And when that failed, there was no turning back."
Thomas Peterffy, chairman, CEO and president of Interactive Brokers, praises the new book.
“Skyrm makes complex financial scenarios accessible to all interested readers in an informative and entertaining manner,” he said.
The New Canaan Library is located at 151 Main St. For more information, call 203-594-5000 or visit the library's website.