economy
Gary Stevenson may have been Citi’s most profitable trader… in developed market foreign exchange
My testy exchange outside a London pub with a self-proclaimed currency trading legend
TL;DR
- Gary Stevenson, known for his work against economic inequality and his YouTube channel, has been challenged on his claims of being Citibank's top global trader.
- While Stevenson's memoir and public profile highlight his alleged trading success in 2011, former colleagues and an article suggest this claim is an exaggeration.
- Some former colleagues state that while Stevenson may have been the most profitable trader in G10 FX (developed market foreign exchange) in one year, it's difficult to verify if he was the most profitable across the entire bank.
- The article notes that comparing profitability across different trading desks and markets is complex and that Stevenson's claim of being the best in the world is likely inaccurate.
- Despite the controversy over his trading record, Stevenson remains an influential commentator on economic inequality, advocating for policies like a wealth tax.