Avoid Poaching Local FX Traders Says Singapore Finance Minister
ASIA PACIFIC FOREX
Finance Minister Richard Hu has warned major players in the Singapore FX market against "poaching whole teams of traders from their competitors in a game of musical chairs." Hu declared that poaching was to be "discouraged, as it is highly disruptive and does not benefit the long-term development of the market."
The minister's stinging remarks at the Asia Pacific Forex opening - seen as an effort twhammy" at the closing ceremony while guests sipped beverages and toyed with balloons after two days
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