I'm surprised that no one has made any attempt to write about yesterday's big story, which is the constant manipulation of the FX market that has been exposed once again by the FCA.
I guess this comes as no surprise as the dealers and the banks have always kept track of people’s positions and routinely trade against them. Even in the old days, the floor brokers gunned for stops and shared that info with the big players it seems old practice die hard, but as long as the market is a zero sum g
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