$2B is a lot of money, indeed. But the trend to hand out large funds to be managed by relatively young people is one that will increase as the margins on the trades decrease.
You need to use a lot of money to work with if you want to do arbitrage on a fraction of a percent for a couple of minutes to make more money than the operation itself costs.
Not all trades are profitable.
Also, losses like these are always a double failure of sorts. The trader is a given, but there is also an oversight problem.
You need to use a lot of money to work with if you want to do arbitrage on a fraction of a percent for a couple of minutes to make more money than the operation itself costs.
Not all trades are profitable.
Also, losses like these are always a double failure of sorts. The trader is a given, but there is also an oversight problem.