Reports show that currency spikes during the London close are fading away after some banks have banned their traders from participating in chat room and talking about orders. Over 17 senior traders at banks have been fined/fired as well and while many may cheer this development I was curious about how many of you were actually impacted by this?
Most of this was occurring at the last trading day of every month and a spike of 0.20% was the average which reversed 50% over the next few trading hours. For those who run multi-million/billion portfolios this is a lot of money no doubt.
Now for all you retail traders who often operate less than $10,000 portfolio. Do you really care about this?
Most of this was occurring at the last trading day of every month and a spike of 0.20% was the average which reversed 50% over the next few trading hours. For those who run multi-million/billion portfolios this is a lot of money no doubt.
Now for all you retail traders who often operate less than $10,000 portfolio. Do you really care about this?
