U.S. Said to Tell Hedge Funds to Save Euro Trading Records
March 3rd, 2010
““The big issue is whether the meeting was informational, and these various traders were simply responding in a parallel way to a common set of facts,” which would be legal, …
“What’s not legal is for people to agree to trade at a particular price or against the euro to devalue it and start a stampede that devalues it further,” he said.”
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