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"The traders, who were direct competitors, typically logged into multilateral chatrooms on Bloomberg terminals for the whole working day, and had extensive conversations about a variety of subjects, including recurring updates on their trading activities." europa.eu/rapid/press-re…
Chatroom names (managed by traders from UBS, Barclays, RBS, Citigroup, and JPMorgan):
* Three Way Banana Split
* Two and a half men
* Only Marge
* Semi Grumpy Old Men
* Three Way Banana Split
* Two and a half men
* Only Marge
* Semi Grumpy Old Men
"Most of the traders participating in the chatrooms knew each other on a personal basis - for example, one chatroom was called Essex Express 'n the Jimmy because all the traders but 'James' lived in Essex, and met on a train in London."
