Financial trader exploits market anomalies for personal gain, risking economic stability.
The article "A Day in the Life" discusses how Tom Hayes focuses on financial markets, interacting with brokers and traders. He works on improving spreadsheets to find price anomalies and opportunities. Hayes wants Libor rates to be high every six months. He trades based on the gap between Libor rates in different durations, known as a basis trade. Tibor, similar to Libor, is based on estimates from Japanese lenders.