Getting forex markets to do the right thing
Guest comment from Nasdaq OMX
The remarks made by UK Chancellor George Osborne in his Mansion House speech last night, squarely addressed manipulation in the forex markets. While the topic was not surprising to anyone, the public and political acknowledgement was greatly needed, and also provided greater clarity to the banking sector, which in recent months has been proactive in tackling alleged FX market abuse by certain individuals, all the while operating in something akin to a regulatory gray area. Generally, across the
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