U.K. Said to Probe Private Accounts of Currency Traders
This article is for subscribers only.
British regulators expanded their probe into the manipulation of global currency markets by asking banks to examine foreign-exchange traders’ personal transactions, said a person with knowledge of the matter.
The Financial Conduct Authority is focusing on so-called personal account dealing by traders who may have placed bets for their own benefit based on knowledge of customer currency orders, said the person, who asked not to be identified because the request hasn’t been made public.