The Cold Plaay Essay

399 WordsApr 4, 20132 Pages
Brief information about the movie: *Rogue Trader is a 1999 drama film directed by James Dearden about former derivatives broker Nick Leeson and the 1995 collapse of Barings Bank. Based on Leeson's 1996 book Rogue Trader:How I Brought Down Barings Bank and Shook the Financial World it stars Ewan McGregor and Anna Friel. Essay Summary: Based on the true story of former futures trader, Nick Leeson (played by Ewan McGregor), the story chronicles Leeson's rise to infamy while working for London's historic and revered Barings Bank. Starting out as an anonymous clerk, the ambitious Leeson is sent to Jakarta, Indonesia, to sort out a financial mess involving bearer bonds. It's tedious, boring work, but he gets through it with the help of Lisa (Anna Friel), whom he later marries. Following the success of that assignment, Nick Leeson is promoted to General Manager of the Trading Floor on the SIMEX exchange in Singapore (where he trades futures options). And in an unprecedented move, Nick is also in charge of the bank office facilities. Leading a young but loyal team, Nick begins making a name for himself as one of Barings' best futures traders. He's brilliant and talented, but ambition clouds his judgment. Nick secretly violates a whole host of laws and trading regulations when he creates an account titled 88888, a nonexistent client which he utilizes as a place to hide losses. From there, Nick uses the actual assets of Barings Bank customers to make huge gambles on the Nikkei index. On paper, it looks as though Nick is earning millions for Barings. He becomes a rising star in the financial world, and the stakes get higher when he takes on big-shot client Pierre Beaumarchais (played by Yves Beneyton). Nick's actions on the trading floor begins influencing the decisions of other traders, and for a time, he almost singlehandedly dictates the movement of the entire

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