It seems Jerome Kerviel, the Societe Generale trader who lost $7.2 billion, had been IMing a broker with Fimat, SocGen’s brokerage arm. Below are transcriptions of those IMs, reported by the Nouvel Observteur , a French magazine. (blog by Irene Frat in Paris)
Written in the sort of short hand used to quickly convey a message (over the Reuters instant messaging system), Jérôme Kerviel seemed to have an on going dialogue with a broker at Fimat, recently renamed Newedge, called Moussa Bakir. Here are some excerpts, translated and put in understandable English :
