Individuals and organizations might also try to find arbitrage opportunities, as when the existing buying price of a property falls listed below the price defined in a futures contract to offer the asset. Speculative trading in derivatives gained a lot of notoriety in 1995 when Nick Leeson, a trader at Barings Bank, made poor and unapproved financial investments in futures agreements.The true percentage of derivatives agreements utilized for hedging purposes is unidentified, however it appears to be relatively small. Also, derivatives agreements represent just 36% of the mean firms' total currency and rates of interest direct exposure. However, we know that lots of companies' derivatives activities have at least some speculative component for a variety of reasons.