Waters USA 2014: FX Primed to Suffer More Trading Scandals

Panel talks possibility of rogue trader in FX

market-surveillance
Waters USA Panel discusses market surveillance.

Panel members at a Waters USA 2014 discussion seemed to all agree that FX has the potential to be the next asset hit with a trading scandal—even after it was hit with $1.7 billion in fines last month after a rigging investigation by the UK's Financial Conduct Authority (FCA).

The conversation was based around a question posed by moderator Bernard Donefer, distinguished lecturer and associate director for Subotnick Financial Services Center at Baruch College, regarding why the same style of

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