64. Trading Through Tragedy: 9/11 Reflections

Twenty-five years on, Nic and Damian look back at September 11, 2001 — from the perspective of two traders who were at work as the events unfolded.

There was no script that day. Information arrived in fragments, the markets were reacting, and nobody knew what was going to happen next.

What did we know when the first reports came through? How did our understanding change as the second aircraft hit the South Tower, the Pentagon was attacked and Flight 93 came down in Pennsylvania? And what did it mean for people inside a major financial institution, trying to understand their exposures, manage risk and make decisions in real time?

This isn't a history lesson or a detailed retelling of 9/11. It's a personal reflection on what it was like to experience that extraordinary day from inside a trading room — and on the challenges of decision-making, risk management and communication when the information available to you is incomplete and events are moving faster than you can understand them.

For traders, risk professionals, auditors, compliance and investigation teams, and anyone interested in how financial institutions respond to extreme uncertainty, there are some familiar themes here.

Twenty-five years later, hindsight gives us the complete story.

On the day itself, we had almost none of it.

More about SKADI:

Website: www.skadilimited.com

X: https://x.com/skadilimited

Linkedin: https://www.linkedin.com/company/skadi-limited

Instagram: https://www.instagram.com/skadilimited/

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