Saturday, 18 May 2013

Traders - Episode 1x03 - Bad Is Good

Traders is a Canadian television drama series shot and aired in the late 1990s. It is an interesting and entertaining TV series based on a fictional investment bank "Gardner Ross". It is one of a handful of investment banking focused dramas, and is credible enough to be interesting and somewhat informative, but most of all, entertaining.

Season 1, Episode 3: Cedric is offered a plea bargain by the prosecution. Doubting that the prosecution's case is strong, he rejects it. At the end of the episode, Sally figures out that the securities commission made an illegal search and seizure in obtaining evidence on her father and the case against him is dropped. The firm decides to restrict trading in Navadyne, a GPS company, while Marty has a large short position. Rather than face serious and potentially unlimited losses as the stock rises, Marty defies orders and covers the short position anyway. Donald informs Adam that the British rail offer does not have a market out clause, meaning that the price is guaranteed by Gardner Ross. As the price of British rail drops, the firm loses money. Adam later punches a hole in the wall of his office when he finds out.

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Finance Documentaries: http://www.financedocumentaries.com/2013/05/traders-episode-1x03-bad-is-good.html

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