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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/27378
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| Title: | Doubling: Nick Leeson's trading strategy |
| Authors: | Brown, Stephen J.
Steenbeek, Onno W. |
| Issue Date: | 2000 |
| Series/Report no.: | FIN-00-058 |
| Abstract: | This paper examines the trading strategy attributed to Mr. Nicholas
Leeson, who was the chief derivatives trader of Barings bank in
Singapore. His activities were the main cause of the eventual collapse
of Barings bank. Daily information is available for the full period
Leeson was active in Singapore, from January 1992 until 1995, for all
relevant products. The information includes daily volume, open interest,
opening, closing, highest and lowest price. The empirical evidence
suggests that Leeson followed a doubling strategy: he continuously
doubled his position as prices were falling. |
| URI: | http://hdl.handle.net/2451/27378 |
| Appears in Collections: | Finance Working Papers
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