'Cartell' Chat Room Traders Boasted of Whacking FX Market

'Cartell' Chat Room Traders Boasted of Whacking FX Market

… manipulate the market — and abused the trust of the public,” FCA CEO Martin Wheatley told reporters at a briefing in London yesterday, without identifying which traders he was talking about. The regulator will press firms to review their bonus …

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IG: Swiss rolled

Forex volatility is hitting chief executives as well as delusional small-time traders. Bosses' bonuses are sometimes pegged to earnings per share growth. But EPS may not beat internal targets if trading currencies fall sharply against the currency in …

Read more on Financial Times

FOREX: What's next for Cyprus after 'Swiss roll'?

The Cyprus forex trading and broker industry is bracing for consolidation, with several small firms barely maintaining sufficient levels of liquidity after suffering heavy loses on the Swiss franc, while binary traders were delighted from the security …

Read more on Financial Mirror

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