As competition for customers became keener and profits declined, BFS gradually began to take on positions of its own. Leeson was put in charge of Singapore’s arbitrage activities, which meant he was supposed to have large blocks of offsetting Nikkei 225 futures contracts traded simultaneously on the OSE and SIMEX. Because Leeson still controlled the 88888 Account, he was able to assign any trades he desired to it—and he did. As a result, an inspection of Leeson’s normal trading activity showed moderate amounts of futures contracts with positions and activity within authorized trading limits.