The tensest moment in Industry 🫣 - BBC

[@lallarolle]

Compliance departments will be able to show this clip as a stellar example of bad risk management and breach of every corporate policy ever.

[@lallarolle]

And for those of you who ask why this is bad risk management, it's being said in the end of the video by Rishis colleague. He wasn't trading, he was just lucky. You don't take bets like that with a firms money because trading isn't the lottery with your own money.

[@h1inc816]

@@lallarolleas long as you don't cost the company money, let alone make them money.... They won't care as much TD Ameritrade risk used to let me place and hold an outsized position on volatile Afrm stock in 2023 even though I was breaching the systems limits. My argument was affirm is not going out of business, they have short duration loans, and the US economy is incredibly strong. My price was $12 per share. A lot of sleepless nights when affirm was around $9

[@lallarolle]

@@h1inc816 You traded with a bank, you weren't employed by a bank.

[@SAMM0608]

Why are you James May? :D

[@eyev5085]

@@lallarolle What is the difference?

[@aldayel98]

"Tell me, what's the difference?" - The difference is, if you do it again you're gonna lose... like a lot 😂

[@Tookieslam]

but what if he's lucky?

[@johntu7484]

In trading, “getting lucky” on a high-risk gamble once doesn’t make it a repeatable strategy. Eventually, the market goes the other way-and when it does, reckless traders can face massive, often career-ending losses. The difference between luck and skill in finance is sustainability: if you depend on luck, you won’t be around for very long.

[@exildur]

Funny when you realise watching this again, Al Miraj were raising sterling to buy out Pierpoint. Cool foreshadowing

[@SpaztasticSheep]

Yes, I just noticed this on a re-watch!

[@30andGaming]

I love this third season of The Industry, less sex and drugs, more into their career story in Finance, good job!

[@ws8312]

This scene is pure art.

[@imyarek]

This is scene is pure cringe.

[@SharonHealyHealy]

I work in heart failure, and barely understood the finance lingo but absolutely loved industry !!! Wish we had more shows about young ppl in their 20s and 30s working in STEM!

[@Gpk-u1w]

no adrenaline unless its ER or surgery

[@danagolden-mh2gk]

What's kind of insane is that this trade made almost no differnce to Rishi because he didn't get his bonus anyways

[@AirQuotes]

Why not

[@GamingbyKevin]

@@AirQuotes company got bought, and he lost his job and then his wife got shot

[@ShutUp.99]

@@GamingbyKevin😂😂😂😂😂😂😂

[@Huddy52]

@@GamingbyKevin people getting shot on this show. damn.

[@surfaceofthemoon]

Season 3 was so damn good

[@ErinlaMudashiru]

Movie name please

[@fabiogibellini2608]

@@ErinlaMudashiruindutry

[@fmirza21]

​@ErinlaMudashiru it's a show on HBO, Industry. This was a clip from Season 3 which was amazing. Seasons 1 & 2 were good, not not great.

[@mintlata]

@@fmirza21 Agree. Season 3 is awesome. Can't wait for season 4.

[@ecnalms851]

favourite season so far!

[@corvusglaive5769]

The difference is you can't trade like that over the long term. Eventually, your luck will run out, and you will bankrupt the company.

[@JACKSAROWW]

Absolutely amazing acting. Brilliant TV, if BBC makes more stuff like this, would happily pay my TV licence…. Need to keep stepping the game up.

[@nithinrocks2826]

fascinating tht people thk 18 mil on a 1bil notional value of cable is mediocre but this is as close to the reality as possible as the capital employed would be atbest 80-100mil (gvn the high lev involved in currency derivatives )

[@CherrieBoard]

wolf of wall street rotted ppls brains

[@DineshRamdhayan]

sounds like he said 80

[@josephwang5859]

If the yard was notional, I don't think Eric would have reacted that way. Judging from Eric's reaction, Rishi was putting a billion at risk.

[@fredrm6023]

Nothings more gangster then answering phones and looking at computers.

[@erez7020]

"A full yard" meaning a Billion, yard is short for the French equivalence; "Milliard".

[@MCorrigan]

I work for Goldman Sachs and this is very accurate.

[@rrrut2773]

I'm batman at night

[@MCorrigan]

@rrrut2773 you're not though, and I actually do work for Goldman. Deal with it.

[@exildur]

@@MCorrigan Mate you work for JLB Credit, don't kid yourself

[@julen310897]

5.5 pips the spread is huge in a high volatile market.

[@sherrysherryuk]

I love the confidence. good job, Rishi!

[@tronmr2424]

This TV series is really good

[@ksumitsah3531]

Why don't they have all the videos in series ? I need aal video playlist

[@JuanDavid-ke2xq]

Tell me what the difference? I love this scene. Sterling is gold

[@ajeykumarj]

Love this series. BGM gives me a rush

[@RahulDevanarayanan]

Best scene of the season, but I hate how they did my boys rishi and rob dirty this season

[@SpaztasticSheep]

Rob? He seemed fine by the end of the season, no yasmin but they were never gonna work out

[@mikeb3018]

@@SpaztasticSheep he's better off without yas she's a lot of drama

[@reichjef]

I do t care how rich you are, no one is even allowed to take that much heat. You’d be gone, or you’d be labeled rogue.

[@edutainme7265]

I don't know what just happened there

[@GarethWonfor]

But I liked it...

[@PaddyPawsRescue]

I’ve seen all of the clips of this show and do not understand any of it

[@Asdfhhrvnhgrd35753]

I think he saw the market value change so rapidly, coupled with the Chancellors announcement in 5 minutes, he knew someone was making an insider trade. He literally had minutes to make those trades before the Chancellor's announcement and everyone else would be on it where less(if any) money could be made from it. Since his decision was based on noticing the price change rather than have inside information himself, its not illegal for him to do it, but he was lucky enough to get the benefits from it anyway.

[@Friendznco]

@@PaddyPawsRescue Basically Rishi is long GBPUSD through the 'mini-budget' turmoil that ripped through UK markets in September 2022. Tories announced that they would be cutting top rate tax (45%). This ripped through UK markets destroying the value of UK bonds and the UK currency (pounds). It is announced the Chancellor of the Exchequer which is the UK equivalent of the treasury secretary has an announcement. Harper calls Rishi and wants to buy pounds "She has a source." Rishi goes out and buys a further 370m GBPUSD from the market while already nursing a position of 600m GBPUSD. Once the announcement comes in that they are reversing the mini-budget and that the MPC would be raising rates (this actually didn't happen in real life, but is shown for theatrical effect). GBP rallies against the USD, rescuing Rishi from a position he is down significantly on he then offers a billion pounds (a yard) to the Middle Eastern buyer and sells out of his position for an 18m profit. Although because his initial position was only 970m he will now have a short GBPUSD position of 30m (very easily manageable).

[@nikhilpatel7832]

Trades currency, bought alot of one currency banking on the fact that the market of that country wouldnt tank further after an interesting national ‘mini budget’ (a rollback on prior announcement of measures including raising top rate tax other right wing laissez faire measures etc.). Backs right horse and makes a profit. Very dumbed down version and missed alot of detail but i think thats the very broad explanation. Also prior to this he and his wife were bankrupt, hes in debt to a loan shark, his wifes shagging another man, and his dog has been taken by said man.

[@mouse0wl13]

you would still get fired for this, outcome is irrelevant, risk process was massively breached

[@foodietraveler]

Don’t get how these trades just happen verbally on the phone.

[@cosmiconion87]

news? whats happend in the uk? in london? right now?

[@tronmr2424]

HBO TV

[@Neojhun]

Industry is a finance thriller TV Show. Seems to have a decent team of writers.

[@fxrisxmxli]

Can anyone explain why people do this or what is happening in noob terms? Thank you.

[@johntu7484]

They’re gambling that the pound’s price will rise. They win this time, but they easily could have lost millions. Compliance (the firm’s watchdogs) would normally stop such risky behavior, because if the trader is wrong, the fallout can be devastating.

[@oscarwilkinson9472]

Legendary scene

[@craigyboo]

His wife deserved a MUCH better husband...😭😭

[@thomashamilton564]

What's the tax on that £18m profit? Standard corp tax? 25%?

[@uberdump]

It's like the budget eastenders version of Billions.

[@PRODJUN]

The 🐐😤🔥

[@timothydesantis9107]

I'd rather be lucky than good.

[@godsama959]

Is it really necessary to offload fully? He is holding GBP in a UK company? And converting back to USD.

[@Prosperousprotocols]

What happened to his eyes

[@TomWickTrades]

he went on a little bender the night before

[@hmq9052]

If I'm there I'm going with the British Indians. Good at maths

[@shashankraghunandan6934]

It has nothing to do with math, it’s about a tolerance to handle risk

[@hmq9052]

@@shashankraghunandan6934 Actually I've changed my mind. I forgot about the arrogance.

[@shashankraghunandan6934]

@@hmq9052 part of the tolerance.

[@AggresarioX]

@@hmq9052 LMAO this is better than the show

[@lukeallan6486]

It's gambling. In real life he would have made long term losses.

[@nambin4895]

Just late stage capitalism things. It's a huge gambling economy, there's nothing else.

[@mifrahbhatti1473]

Which season or movie is this

[@lukeallan6486]

Goes to show that banks have insider info's.

[@kavinranak5512]

that was ur takeaway from this? lmao

[@lukeallan6486]

Quite obvious. What's yours?

[@YoungALH]

@@lukeallan6486 Do you even know what is insider info? Damn some people be spitting out words they don't even know the meaning of.

[@Neojhun]

@@lukeallan6486 That is low level stuff which is taken as granted in this environment.

[@howshecuttingbogman8999]

For those who don’t know what happened, the man with the blood want to buy British coins cos they were very valuable and then he shouted out who will take me out of this position which essentially means who will help him ( not sure but it might have to do with his injury or something). Then another man said I will. That man bought the coins off him. It was a yard which is 3 Feet of coins (this is jargon I think). Everyone as happy because he made a profit. The security man was there to ensure the coins went to the right man.

[@theToxicObbydev]

KITCHEN GUN

[@CrimsonAlchemist]

I thought this was in India or Singapore, not UK. Since not many white people there. I'm Asian from Myanmar BTW.

[@gtang31]

what did Rishi say about "Britannia"?

[@wordtz]

Rule Britannia

[@anonymousskunk]

@@wordtz Britannia rule the waves!

[@lovechineseforever9434]

SPECULATOR

[@mikeb3018]

could someone get me out of this long please???? lol

[@u2bbbe]

what's going on?!

[@dontask7657]

I don't know anything. Why is this beaten man doing this?

[@vivekbhardwaj304]

Tell me what's the difference ? Cmon maaaan!!!!!!

[@papagiorgio2493]

Wow!

[@winistan]

Show name ?

[@fmirza21]

Industry on HBO

[@shuhel02]

@@fmirza21 Industry on BBC iPlayer

[@johnebrado3974]

Title?

[@Youthemoneyguy]

welp exact reason why i left trading

[@JayLnc]

Rishi the mfin' rockstar

[@johntu7484]

classic example of a high-stakes trade gone right-by pure luck, risk defiance, and questionable ethics. It underscores the series’ ongoing theme: the fine line between trading genius and reckless gambler.

[@Antonin1738]

Why is he all beat up?

[@throttlebrah]

He's probably one of those warzone refugee.. Based on his face scar and wound, it's probably came from explosion impact and fragment

[@AdnanKhan-hk7rl]

Got kicked out of a nightclub earlier that morning after losing his money

[@andread9899]

Dude earns milions looks Like hes been beated on the streets

[@zigmundo]

they aren't mutually exclusive

[@secondthread-uc9bd]

Finance bros , some help here , wtf did i just watch , can someone explain .

[@rhyshigga]

you just watched the tensest moment in industry

[@MM-qt8gz]

A client reaches out to the salesperson. The salesperson reached out to Rishi and asked him to make a market. Typically, he's supposed to quote a bid and an offer, and she gives him the size the client wants to transact. In a couple of minutes there will be an announcement on whether to raise interest rate in the UK which will effect British pounds but the client wants to buy a HUGE size prior to the news and Rishi is like wtf does this client know but no one knows what the news will be and thats basically gambling but he is firm the client knows something. He hangs up and the tells the sales people that he wants to buy a ton of pounds and took over other traders book to have the margin to buy a lot. His boss is like wtf are you doing because he risking a lot of money and Rishi was like stfu and he ended up being right and making money

[@secondthread-uc9bd]

@@MM-qt8gz yeah i got it after a enabling subs , the accent here was hard af

[@nilcesoares9708]

This makes me miss working in S+T 😩

[@RPTK_offical]

this is gross

[@limitlessLtd]

Rule Britannia.

[@ErinlaMudashiru]

Movie name please

[@mohammadyasin4238]

Its a series called Industry

[@UsersTai]

What's up with his face?

[@Blashmack]

he had a rough night

[@turbofish95]

He hit a door

[@hamonyzi]

fell down the stairs

[@TabsT-vy5jy]

Tried doing his own makeup

[@jacobp8294]

Im gay

[@thrice5560]

bbc? big blaack?

[@I_Lemaire]

capital

[@Notme6996]

This is all so dumb