Worst trading losses in the world

Image: A trader on the floor of the New York Stock Exchange.
Photographs: Brendan McDermid/Reuters

Losses and gains are an everyday business in the stock markets, but sometimes the losses are simply staggering.

Here we take a look at some of the biggest trading losses of all time.

Source: Business Insider

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Worst trading losses in the world

Image: Morgan Stanley's New York headquarters are seen at the corner of 48th Street and Broadway in New York.
Photographs: Andrew Burton/Reuters

Firm: Morgan Stanley

Location: US

Year: 2007

Amount lost: $9 billion

Source of the loss(es): Credit default swaps

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Tags: Morgan Stanley , Location , US

Worst trading losses in the world

Image: Former trader Kerviel arrives at Paris court for the start of his trial to face charges of breach of trust, computer abuse and forgery.
Photographs: Jacky Naegelen/Reuters

Firm: Societe Generale

Location: France

Year: 2008

Amount lost: $7.2 billion

The source of the loss(es): Equity derivatives

Person(s) associated with loss: Jerome Kerviel

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Tags: Jerome Kerviel , Societe Generale , Click , Person

Worst trading losses in the world

Image: A trader reacts on the floor of the New York Stock Exchange.
Photographs: Brendan McDermid/Reuters

Firm: Amaranth Advisors

Location: US

Year: 2006

Nominal amount lost: $6.6 billion

The source of the loss(es): Natural gas futures

Person(s) associated with loss: Brian Hunter

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Tags: Brian Hunter , Click , Person , US

Worst trading losses in the world

Image: Traders work at their desks in front of the DAX board at the end of the session at Frankfurt stock exchange.
Photographs: Pawel Kopczynski/Reuters

Firm: Long-Term Capital Management

Location: Greenwich, Connecticut, US.

Year: 1998

Amount lost: $4.6 billion

Source of the loss(es): Interest rate and equity derivatives

Person(s) associated with loss: John Meriwether

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Tags: Long-Term Capital Management , John Meriwether , Person , Click

Worst trading losses in the world

Image: A bank clerk counts US dollar banknotes on bundles of 100 Chinese yuan banknotes at a branch of a bank in Huaibei, China.
Photographs: Stringer/Reuters

Firm: Sumitomo Corporation

Year: 1996

Amount lost: $2.6 billion

The source of the loss(es): Copper futures

Person(s) associated with loss: Yasuo Hamanaka

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Tags: Yasuo Hamanaka , Sumitomo Corporation , Click , Person