Market Officials Refute Cartel Allegations On Forex Spreads

FRONT PAGE

LONDON--Leading figures in the foreign exchange market hit out last Thursday in response to allegations, first made in the Financial Times, of price fixing in euro/sterling trading.

Rob Standing, head of trading at Chase Manhattan -- speaking at the FX Week/Infinity Best Banks in FX Awards ceremony in London -- dismissed the charges. "Transparency in the FX market is at unprecedented levels," he said. "Price fixing just wouldn't work."

His comments were endorsed by Mike Wallace, senior

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: