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The Competition Commission has cobbled together more detailed evidence demanded of it by banks almost a year ago in its case against their allegedly collusive currency traders.
In a forex trading company in bangladesh affidavit, the commission outlines how 36 individuals with ties to 23 financial forex trading vs gambling conspired to rig trades involving the dollar-rand currency pair. The claims of collusion range from sharing information about customer orders to fixing prices, all with a banglades to eliminating competition and co-ordinating trading activity to boost profit for the trading clique.How To Choose The Best Forex Broker - Trading Account - Forex Broker Bangla Tutorial
The Competition Commission first announced it was investigating collusion in the foreign exchange market in April It referred the case, then against 18 bsngladesh, to the tribunal in Februarybut was met with a raft of bangladesh in trading forex company applications as banks complained that the "vague and embarrassing" referral affidavit contained too little detail of their wrongdoing.
In its third attempt, it relies almost entirely on records of conversations between traders on online instant-messaging platforms such as the Bloomberg Chatroom.
The co-operation of Citibank, which settled via a R Bangladesb, Forex trading company in bangladesh Capital, Barclays Bank and Absa have applied for leniency, which will be granted at the end of the case, provided they have not withheld demo account for options trading information.
Fored, the extent of the evidence varies. Petri Redelinghuys, a stockbroker and founder of Herenya Capital, said traders had little reason to affect the value of the rand over the long term, but could exaggerate short-term moves to make money.
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