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“Citigroup, Royal Bank of Scotland Group, UBS Group, Barclays & JPMorgan Chase are named in a class action lawsuit...seeking damages for colluding on foreign-exchange trading strategies.” afr.com/markets/curren…
Uhhh...
“Traders allegedly used chat rooms w/ names like “The Cartel", "The Bandits' Club," and "The Mafia" and communicated directly with each other to coordinate the manipulation of FX benchmark rates, control the pricing of spreads and to trigger client stop-loss orders...”
“Traders allegedly used chat rooms w/ names like “The Cartel", "The Bandits' Club," and "The Mafia" and communicated directly with each other to coordinate the manipulation of FX benchmark rates, control the pricing of spreads and to trigger client stop-loss orders...”
Australia
