Prof. Jayanth R. Varma’s Financial Markets Blog

A blog on financial markets and their regulation

Mizuho photographs


Underthecounter
has an interesting
set of photographs from
Triple Witching Friday
about the chaos at Mizuho securities after the trading error
that cost the firm $335 million. If the photographs are genuine (one comment
says that they are doctored photographs of the Taiwan parliament), some
of our preconceptioms of Japanese cultural nuances need to be revised.
Perhaps trading rooms around the world are the same regardless of the host culture.
Financial markets are indeed a great leveller.

The trading error also led to the resignation of the head of Tokyo Stock Exchange.
Photographs of the scene there would be interesting!

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