Finally Wolfgang lifted his gaze from the hardcopy printout and looked directly at Otto as he speculated, “Curious activity happening in Argentina, Otto, if I can believe the research on this topic. Argentina is not financially naïve, but they have never been on the world stage, front and center, when it comes to futures trading, currency arbitrage, and other sophisticated financial products. It wasn’t too long ago that currency devaluation, debt repudiation, and industrial nationalization were Argentina’s financial tools of choice against runaway inflation to prevent financial collapse. How is it that they now are showing a string of impressive trading gains in oil futures and currency arbitrage?”
Otto blinked several times and then offered, “I would expect that they have competent regional commodity traders with a modest track record. But, I hear you saying that they are profiting from every futures trading such that they are now optimizing the market from Buenos Aires? Well, that’s certainly different.”
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