Jpmorgan forex - Barclays, Citi helped South Africa with forex trading probe - sources | Reuters

These seven dealers posted nonexistent bids paid by dealers for currencies on the market and offers prices jpmorgan forex to customers wanting to buy either the dollar or rand on trading platforms such as Reuters.

They did this to push the forex jpmorgan of bids and offers up or down. This helped them boost profits or avoid losses through cashing in the difference corex bids and offers, which is called the bid-offer spread.

How this hurt customers: The traders agreed on the size of bid-offer spreads charged to customers jpmorgan forex certain volumes of currencies exchanged.

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Description:Nov 9, - Investment firm JPMorgan has warned investors to get out of the rand S&P has downgraded South Africa's foreign currency debt to junk, but.

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