The Biggest Trading Losses Of All Time - League Table

1. Societe Generale - $7.1bn (European index futures) 2008

2. Amaranth Advisors - $6.5bn (Gas futures) 2006

3. Long Term Capital Management - $4.6bn (Interest rate and equity derivatives) 1998

4. Sumitomo Corporation - $2.6bn (Copper futures) 1996

5. Bawag - $2.5bn (Currency and interest rate swaps) 2006

=6. Metallgesellscahft - $1.6bn (Oil futures) 1993

=6. Sowood Capital Management - $1.6bn (Debt securities)

8. Barings - $1.4bn (Nikkei futures) 1995

9. Credit Suisse - $1.3bn (Emerging markets) 1998

10. Daiwa Bank - $1.1bn (bonds) 1995

11. Caisse d'Epargne - $808m (equity derivatives) 2008

=12. Bank of Montreal - $800m (Natural gas options) 2007

=12. WestLB - $800m (Equities) 2007

=14. Allied Irish Bank - $700m (Currencies) 2002

=14. Morgan Grenfell - $700m (Equities) 1997

16. UBS - $500m (Derivatives) 1998

=17. Kidder Peabody - $ 400m (US T-Bills) 1994

=17. Dexia - $400m (Bonds) 2001

=17. CIC - $400m (Equity derivatives) 2005

20. Merrill Lynch - $377m (Mortgages)

21. Calyon - $350m (Credit indices) 2007

22. National Australia Bank - $300m (Currencies) 2004

=23. Salomon Brothers -$250m (Mortgages) 1986

=23. NatWest Markets - $250m (Options) 1997

Sources - Bloomberg, Here Is The City, Wikipedia

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