Bank Traders Acquitted in Forex Manipulation Trial

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Bank Traders Acquitted in Forex Manipulation Trial – Financial Times (subscription)

After a two-week trial in New York, a jury spent less than a day deliberating on a single charge of price-fixing against each of the defendants: Richard Usher, formerly of JPMorgan Chase; Rohan Ramchandani, formerly of Citigroup; and Christopher Ashton, formerly of Barclays. 

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Brexit Is Ripping the World’s Financial Plumbing Apart

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Brexit Is Ripping the World’s Financial Plumbing Apart – Bloomberg

With Brexit inflaming rhetoric between the UK, US and Europe, banks and exchanges are doing their best to prepare for the worst. The risk of the world’s financial plumbing breaking down along national lines, triggering extra cost and disruption, is becoming real.

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Would FXMarketSpace Have Worked in the Current Environment?

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Would FXMarketSpace Have Worked in the Current Environment? – Profit & Loss

It was 10 years ago yesterday that one of the higher profile ventures of recent years in the FX space shut its doors. To me the problems with FXMarketSpace were simple: it attracted the wrong sort of trading firm at the time; it failed to get a netting solution off the ground; and it was too transparent – and by that I mean it was on a hiding to nothing by publishing volumes at such an early stage. But would the FXMS model work now?
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