Endi Kriger

In 1987, Endi Kriger, a 32-year-old currency trader at Bankers Trust followed closely currencies, rising against the dollar after the market crash of "Black Monday." Investors and companies get rid of dollars and buy other currencies that are less affected by the market collapse. However, in this regard, some currencies were too overpriced, creating an excellent opportunity for arbitrage. Currency chosen by Krieger, was the New Zealand dollar, known as the "Kiwi". Using a relatively new technique that became available thanks to options, Krieger opened a short position against the kiwi, worth several hundred million dollars. In fact, the volume of orders was more of a sell aggregate New Zealand. Kiwi slumped under selling pressure and amid a lack of currency in circulation. He hesitated in the red -3% -5% when Krieger made millions of dollars for their employers.