Traders suspended as forex probe widens - QAS30 Trading Journal
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Most Read on IOL. The probes are looking into whether senior traders at a handful of big banks colluded via online chat room and messaging services to manipulate benchmark foreign exchange rates, or daily "fixings. These fixings are a cornerstone of global financial markets, used to price trillions of dollars' worth of investments and deals and relied upon by companies, investors and central banks.
The probes are probably contributing to a decline in foreign exchange trading volumes in recent months. On the Thomson Reuters dealing platform, daily spot foreign exchange trading volumes fell Some of that decline may be due to dealers' handling more of their trading in-house.
Laccount for almost 80 percent.
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Description:BNP Paribas Logo. UBS suspends four more traders in forex probe: report. South African Rand Currency Previously: FT: Forex trading probe widens (Feb.