Zeti Must Now Explain Forex Scandal Free Malaysia Today
The forex scandal also known as the forex probe is a financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates for their own financial gain..The foreign exchange market is not easy to manipulate. Traders can affect market prices by submitting a rush of orders during the window when the fix is set. The sterling/dollar exchange rate fix fell from 1.6044 to 1.6009 in this particular example, making HSBC a $162,000 .The foreign exchange, or forex, market is a virtual trading place where dealers buy and sell currencies. Deals at today 's price are called the "spot" market and .The market tremors from the FX-fixing scandal and subsequent probe - triggering a flurry of fines, litigation cases and prosecutions - is set to .
Don 't want other numpty 's in mkt to know [about information exchanged within the group], but not only that is he gonna protect us like we protect each other ..The foreign exchange market is not easy to manipulate. So how do you rig the market?. Forex Scandal Drives Shift to Algo Trading. Banks are increasingly turning to computer programs to carry out foreign exchange trades..DoJ floats plea deal to UK forex traders. US authorities have Graphic. How to reform foreign exchange trading Forex rigging scandal still hangs over banks..
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