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Drawing on the author's experience of working on large Forex, over-the-counter and proprietary trading systems for Fortune 500 banks, this paper aims to highlight the current application security trends and issues within financial trading applications and the common business risks associated with these issues. This paper is aimed at security managers, strategic decision-makers or anyone who wishes to understand some of the business risks and potential impact of these threats and further gain a better understanding from the attack scenarios in order to implement appropriate countermeasures. The paper should also help security testers gain a high level understanding of these applications, and the true business implications of inherent vulnerabilities within these applications that if successfully exploited could be financially devastating to the victim organisation.
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