Rigged (book)

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Rigged:
The True Story of an Ivy League Kid Who Changed the World of Oil, from Wall Street to Dubai
Rigged (book) by Ben Mezrich.jpg
Cover of the first edition
Author Ben Mezrich
CountryUnited States
LanguageEnglish
Subject Commodities trading
Genre Non-fiction
Publisher HarperLuxe
Publication date
October 23, 2007 (2007-10-23)
Media typePrint, e-book
Pages294 pp.
ISBN 9780061252723
OCLC 153579458
Followed by The Accidental Billionaires  

Rigged: The True Story of a Wall Street Novice who Changed the World of Oil Forever is a book by author Ben Mezrich. The book recounts the story of John D'Agostino, whom the book renames David Russo. [1] [2] The hardback of the book was number 10 on the New York Times Best Seller list in 2007, [3] and was number 29 in paperback nonfiction on December 14, 2008. [4]

Ben Mezrich American author

Ben Mezrich is an American author.

John DAgostino (financial services) businessperson

John Joseph D'Agostino is an American business executive and entrepreneur. Currently, D'Agostino is a Managing Director at the world's largest fund governance firm DMS Offshore, where he also serves on the board of hedge funds providing independent oversight. He was previously a managing director at Alkeon Capital Management, a multibillion-dollar registered investment adviser. Prior to this, D'Agostino was known primarily for his involvement in the early development of the Dubai Mercantile Exchange.

Contents

Sources

Mezrich maintains that the book is non-fiction despite the narrative style of writing. [5] Rigged is published as a biography and described by D'Agostino as "95 percent true, 5 percent minor embellishment". [6]

Synopsis

David Russo, fresh from Harvard Business School, secures a job in Wall Street as the dot-com bubble had just depressed the market. A chance meeting led to an opportunity at New York Mercantile Exchange—the world's largest energy exchange. At the Merc, he finds his working-class background helps him compete in the aggressive atmosphere. Russo quickly rises to become the Head of Strategy where he helps in the transition to electronic trading. In the aftermath of 9-11, Russo joined with colleagues to establish the Dubai Mercantile Exchange, a partnership between NYMEX and the government of Dubai. Through this venture, Russo helped accelerate the development of capital markets in the region. [7]

Harvard Business School business school in Boston, Massachusetts

Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts. The school offers a large full-time MBA program, doctoral programs, HBS Online and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies and the monthly Harvard Business Review. It is home to the Baker Library/Bloomberg Center.

Dot-com bubble historic speculative bubble covering roughly 1997–2000

The dot-com bubble was a historic economic bubble and period of excessive speculation mainly in the United States that occurred roughly from 1995 to 2000, a period of extreme growth in the usage and adoption of the Internet.

New York Mercantile Exchange Commodity and futures exchange located in New York City, New York, United States

The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. Additional offices are located in Boston, Washington, Atlanta, San Francisco, Dubai, London, and Tokyo.

Film adaptation

Summit Entertainment acquired the screen rights to Rigged and the book has been optioned for movie production. [8]

Summit Entertainment is an American film production and distribution company. It is a label of Lionsgate Films, owned by Lionsgate Entertainment and is headquartered in Santa Monica, California.

Related Research Articles

Commodity market physical or virtual transactions of buying and selling involving raw or primary commodities

A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.

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