In 1993, Nick Leeson was appointed General Manager of Barings Futures Singapore branch. In this capacity, he could not hide unauthorized exchange transactions for more than 1 year of abusing the two functions it held: supervise the activities and the stock exchange back-office, ie:
1. traded futures and options orders of clients or other businesses within the company, and
2. arbitrage price differences between Nikkei futures traded company on the stock exchanges in Singapore and Japan.