• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Hope Fades As London 'Superstar' FX Trader Is Arrested

Tyler Durden's picture


How the self-described 'mighty' have fallen. It was a month ago when we first heard of this mysterious British FX trader who dropped $300k in a Liverpudlian nightclub on a bottle of champagne that weighed more than the models he was 'dating' that night. The 'talented, charismatic, and likable' Alex Hope has been arrested by London's Financials Services Authority (FSA) in connection with an investigation into a suspected unauthorized FX trading scheme. As City A.M reports this morning, Hope's publicist confirms he is the 23 year old in question - though he 'obviously' denies all allegations. The schadenfreude on London's FX 'trading' desks (as opposed to bucket-shop retail-mauling FX 'brokerage' shops) is palpable from what we hear as 'it couldn't have happened to a nicer guy' echoes off the City's pub ceilings. As yet no charges have been filed - we await with baited breath for the sad truth to be outed.

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Wed, 04/04/2012 - 09:03 | 2315934 FOC 1183
FOC 1183's picture

Fucking beautiful

Wed, 04/04/2012 - 09:09 | 2315962 Thomas
Thomas's picture

What the hell is "unauthorized trading"? If it moves, trade it!

Wed, 04/04/2012 - 09:11 | 2315972 Max Hunter
Max Hunter's picture

Ill gotten gains being spent on hookers and blow. Who'd have thunk it..

Wed, 04/04/2012 - 09:13 | 2315977 GetZeeGold
GetZeeGold's picture



Hold on.....let me find my shocked face.


Wed, 04/04/2012 - 09:15 | 2315990 I think I need ...
I think I need to buy a gun's picture

there is a sale at apmex this morning on canadian maples



Wed, 04/04/2012 - 09:38 | 2316070 MillionDollarBonus_
MillionDollarBonus_'s picture

Alex Hope is a star trader who beams with confidence and creative energy. You can tell he's a successful superstar when hoards of greasy ZH day traders attack him with envy. I was seriously thinking of taking his FX trading master class this month, but sadly I'll have to wait till the end of the trial.

Wed, 04/04/2012 - 09:49 | 2316116 Canucklehead
Canucklehead's picture

... Good One ...

Wed, 04/04/2012 - 09:56 | 2316132 nope-1004
nope-1004's picture

Nobody at 23 in the financial world is a self-made person and "successful" - period.  There was either a substantial inheritance, pure dumb luck, or criminality.

 The only people at 23 who are self made are athletes, as it has been shown that peak physical ability of the human body is somewhere between ages 19-22.


Wed, 04/04/2012 - 09:57 | 2316149 strannick
strannick's picture



Dang, dat Tyler shur kin talk purdy

Wed, 04/04/2012 - 10:22 | 2316234 redpill
redpill's picture

Poor Alex. I hope someone smuggles in some Armand de Brignac and sluts for him. lol.

Wed, 04/04/2012 - 11:50 | 2316581 Agent P
Agent P's picture

He's going to learn the true definition of "Big Swinging Dick"...prison rape, bitchez!

Wed, 04/04/2012 - 11:54 | 2316592 Harlequin001
Harlequin001's picture

And of course the FSA is renowned for 'getting it right' isn't it, and looking after investors best interests, not.

How the fuck do you people slag off the SEC and then beam the first time you get any news or propaganda from some other 'regulator' about them having a go at some other guy who tried his luck? What a sad bunch of jealous fucks you really are. Licensing equals control, or perhaps you haven't got that yet. Perhaps you think it's a good thing that you cannot even find out or be offered anything now that isn't pre packaged through licensing into some sterile piece of crap that simply funnels your money into domestic government coffers in one form or another? All I see here is a bunch of down-and-out unemployed sad fucks with nothing better to do but gloat when anything unfortunate happens to anyone else with the wherewithal to actually do something to at least try to make a buck.

Go back to your fucking dole checks, I'm sure you earned it, and if you ever bother to get of your lazy idle arse and work for a living then maybe, just maybe you might be able to afford some champers yourself. That is of course, if you can get past the wall of 'regulation' that now stands before you, the benefits of which you're now experiencing every minute of every fucking day.

Wed, 04/04/2012 - 12:32 | 2316762 chipshot
chipshot's picture

dont mind those brown smugs on the smuggled blow ...i had to get it in here somehow...

Wed, 04/04/2012 - 17:24 | 2317661 Milestones
Milestones's picture

Interesting post. Bye the bye, the spelling is "bated" not baiting a fish with a hook.          Milestones

Wed, 04/04/2012 - 10:15 | 2316203 LawsofPhysics
LawsofPhysics's picture

Actually, for endurance atheletes that optimum age is much older.  I competed professionally until I was almost 35 and won my last stage race as a CAT1 rider at 37.

Wed, 04/04/2012 - 10:19 | 2316221 prains
prains's picture

25 for rugby, 28 for hockey, 32 for field events. been there done it

Wed, 04/04/2012 - 10:23 | 2316236 redpill
redpill's picture

and 40 for golf!

Wed, 04/04/2012 - 10:40 | 2316299 superflyguy
superflyguy's picture

and what's the age for chess?


Wed, 04/04/2012 - 11:00 | 2316393 Common_Cents22
Common_Cents22's picture

Good news, there are no age limits for winning by creating ponzi schemes!  

Wed, 04/04/2012 - 22:09 | 2318265 smiler03
smiler03's picture

Quite a few talented and untalented musicians "make it big" before they're 23.

Wed, 04/04/2012 - 10:42 | 2316324 YC2
YC2's picture

Same for powerlifting, the opposite of endurance, where old men are setting all the records.


Maybe that 19-22 is for skill focused athletics.  There is skill in power or endurance sports, but it is often secondary.

Wed, 04/04/2012 - 15:03 | 2317294 12ToothAssassin
12ToothAssassin's picture

the longer you roid up the more cumulative effect huh? Makes sense. Old dudes probably would do better at power lifting.

Wed, 04/04/2012 - 10:33 | 2316278 Willzyx
Willzyx's picture

How about actors/musicians?  Basically the entire entertainment/performing industry

Wed, 04/04/2012 - 13:11 | 2316904 SemperFord
SemperFord's picture

Crazy, I am 32 and swear that I'm better(physically) than when I joined the Corps at 17(and already in decent shape), I am actually stronger and can run a lot longer, etc...genes, rest, food and proper maintenance might push that up, check MMA fighters and Kobe...just saying...

Wed, 04/04/2012 - 13:16 | 2316919 SemperFord
SemperFord's picture

Crazy, I am 32 and swear that I'm better(physically) than when I joined the Corps at 17(and already in decent shape), I am actually stronger and can run a lot longer, etc...genes, rest, food and proper maintenance might push that up, check MMA fighters and Kobe...just saying...

Wed, 04/04/2012 - 14:11 | 2317145 Diogenes
Diogenes's picture

When did your memory start failing?

Wed, 04/04/2012 - 09:50 | 2316121 Dealer
Dealer's picture

Good one, MDB!  Your material is so funny!

Wed, 04/04/2012 - 10:02 | 2316170 AcidRastaHead
AcidRastaHead's picture

Make sure you also take the Learning Annex course: "Don't be riding 'round da hood with your stolen bling"

Wed, 04/04/2012 - 10:08 | 2316187 mickeyman
mickeyman's picture

Ha ha ha ha!

Wed, 04/04/2012 - 10:18 | 2316216 NotApplicable
NotApplicable's picture

I LOLed.

Wed, 04/04/2012 - 10:44 | 2316333 _ConanTheLibert...
_ConanTheLibertarian_'s picture

What?! No attack on libertarians? I'm disappointed.

Wed, 04/04/2012 - 14:41 | 2317232 MeelionDollerBogus
MeelionDollerBogus's picture

AND the end of the sentence following conviction

Fri, 04/06/2012 - 00:40 | 2321325 PersonalRespons...
PersonalResponsibility's picture

Could it be you missed this time?

Say the guy had a publicity deal with "Scouse club" and the makers of the "GBP125K bottle of bubbly"; more publicity, more traffic, and more sales makes for success in this case.  Sells papers too (eyeballs).


"As yet no charges have been filed" ... genius 

Wed, 04/04/2012 - 09:22 | 2316017 Comay Mierda
Comay Mierda's picture

look at this ass clown's website and tell me we couldn't have seen this coming


Wed, 04/04/2012 - 09:26 | 2316033 Popo
Popo's picture

What exactly is an "unauthorized trading scheme"?

Is that British for "illegal"?  

Wed, 04/04/2012 - 09:42 | 2316080 WonderDawg
WonderDawg's picture

I didn't think the British had trading laws, or that anything could be unauthorized. Laissez faire and all that.

Wed, 04/04/2012 - 09:43 | 2316088 Schmuck Raker
Schmuck Raker's picture

I believe it's British for 'Caught'.

Wed, 04/04/2012 - 10:30 | 2316260 GeezerGeek
GeezerGeek's picture

May we therefore infer that there are actually "Authorized Trading Schemes" and if so how can I find one. Or may we infer that unauthorized trading schemes are those performed by persons not in the inner circle, as only those are authorized to run scams?

Wed, 04/04/2012 - 10:42 | 2316318 superflyguy
superflyguy's picture

google HFT

Wed, 04/04/2012 - 11:41 | 2316543 tonyw
tonyw's picture

"Authorized Trading Schemes" = those almost guaranteed to seperate you and your money. On a long enough timeline...

Wed, 04/04/2012 - 12:37 | 2316781 AgShaman
AgShaman's picture

No....that's "City of London"....for "your system is better than ours"

Wed, 04/04/2012 - 09:40 | 2316079 MillionDollarBonus_
MillionDollarBonus_'s picture

What about it? Looks pretty good to me. You jealous of his self-esteem? It's not his fault he is the best. He just is. Ok?

Wed, 04/04/2012 - 09:54 | 2316137 A_S
A_S's picture

well, it does look like a narcissistic litte boy in a suit and all the other cliché wallstreet accessoires

Wed, 04/04/2012 - 10:20 | 2316223 toxic8
toxic8's picture

did we need another MDB clone_?

Wed, 04/04/2012 - 10:26 | 2316245 MillionDollarBonus_
MillionDollarBonus_'s picture

There is no clone. If you don't believe me, then search the usernames.

Wed, 04/04/2012 - 14:06 | 2317132 Biosci
Biosci's picture

All clones say that.  It's part of the cloning process.

Thu, 04/05/2012 - 04:05 | 2318719 MeelionDollerBogus
MeelionDollerBogus's picture



mini-Dee-Bee !

No no no, we pet our kitty, don't eat him

Thu, 04/05/2012 - 04:04 | 2318718 MeelionDollerBogus
MeelionDollerBogus's picture


Wed, 04/04/2012 - 09:50 | 2316123 chenn
Wed, 04/04/2012 - 09:53 | 2316138 aerojet
aerojet's picture

Aaaaand...it's gone...

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