Thursday, April 02, 2009

Two traders based in an office opposite RBS on Bishopsgate said they had walked across the City "to have a nice lunch and chill out". Sipping coffee after three courses and a few Marlboro Lights, they were angry that the police didn't seem to be making any arrests: "Its kicking off over in Bishopsgate", they said. "The demonstrators are goading the police and hitting them with sticks, but they are just letting them. They aren't arresting anyone."

And these two wanted to see the long arm of the law carting a few protesters away – because they had a financial interest in arrests. "I'll make money if they arrest more than 140", he said. Traders, he explained were putting spread bets on the number of arrests – with the quoted spread on Bloomberg at 130-140. They were also paying out on deaths and if more than 20 demonstrators are injured by horse charges.

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