Brazilian Trader Shoots First
We have seen a number of financial related suicides over the past 3 months but this one takes the cake...apparently the 36-year old trader snuck the gun past metal detectors at the Bovespa:
A stock exchange trader has shot himself on the trading floor in Brazil.
Sao Paulo’s Bovespa stock exchange says the 36-year-old man shot himself in the chest a couple of hours before markets closed in South America’s biggest city.
The Bovespa statement says Paulo Sergio Silva was taken to a hospital, but his condition was not immediately available.
It was not clear if he shot himself due to the recent sharp losses in Brazilian stocks or for other reasons.
Trading was halted for a few minutes after the shot was fired on Monday.
Ready...fire...aim? C’mon folks it is only money.
And you have to pick your spots...but it must have been scary for the traders on the floor.
Witnesses said the gunshot briefly sowed panic on the trading floor of Latin America’s largest financial exchange.
“We’re shocked ... There was a loud sound of a gunshot and everyone scrambled to figure out where it came from,” said one trader who asked not to be named.
Silva was given first aid on the scene before being rushed to the hospital, where staff said he arrived in critical condition and was undergoing an operation.
Witnesses said the incident happened in the interest rate futures pit, a raucous circle where on average $21 billion worth of contracts exchange hands every day.
That is completely nuts.
Brazil trader shoots self on stock trading floor
AP
Trader shoots himself at Brazil financial exchange
Reuters
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