Will the FX Industry Have to Argue the Case for Pre-Hedging in Yet Another Court Room?

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Will the FX Industry Have to Argue the Case for Pre-Hedging in Yet Another Court Room? – Profit & Loss

Re-reading documents filed by the latest class action over market manipulation, my conclusion is that the FX industry is going to have to argue the case for pre-hedging in yet another court room (actually court rooms – as we reported almost two weeks ago when the news broke, a European lawsuit is also planned).

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Why Big Data Matters: Using Smart Data and Artificial Intelligence to Enhance FX Trading

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Why Big Data Matters: Using Smart Data and Artificial Intelligence to Enhance FX Trading – Tabb Forum

The fragmented nature of the FX market has hindered the availability of sufficient and quality data for market participants to realize the benefits of big data and sophisticated analytics. But this is changing, says CLS, with the emergence of new services offering smart data and artificial intelligence tools.

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Forex Counsel Awarded $300M in Fees for $2.3B Deal

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Forex Counsel Awarded $300M in Fees for $2.3B Deal – Law360 (subscription)

A New York federal judge on Thursday awarded more than $300 million in attorneys’ fees to Scott + Scott and Hausfeld, the firms representing an investor class in securing $2.3 billion in settlements over claims that 15 banks colluded to rig benchmark exchange rates in the foreign exchange markets.

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A Congress Divided: Analysts Explain What it Means for Wall Street

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A Congress Divided: Analysts Explain What it Means for Wall Street – Financial Times (subscription)

Analysts are wrestling with the split result in US congressional elections, which hands control of the House of Representatives to Democrats but gives Republicans an increased majority in the Senate.

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Dollar Ends Winning Streak Before Elections

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Dollar Ends Winning Streak Before Elections – Reuters

The dollar dipped on Monday after three consecutive weeks of gains as investors took profits before US midterm elections this week that may fuel a new bout of volatility for global markets.

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