Emini Futures | Bruno Iksil - A Whale Of A Tale
The S&P Emini Futures dropped 14 points after hours when JP Morgan CEO Jamie Dimon announced a $2 billion trade loss in their prop trading department. During the surprise conference call Dimon said the loss was a "big mistake" but that it did not violate the Volcker Rule. He also said, "These were egregious mistakes, they were self-inflicted,” and that "the losses could easily get worse this quarter and beyond."