HSBC Currency Traders Got Greedy on Christmas - Bloomberg View: "More generally, there is a reason that "insider trading" isn't really a thing in the FX world. These guys trade pounds all day. They know that their clients are buying and selling pounds. If they were restricted from trading any time they knew that there might be a big client trade in the next week, they could never trade. Front-running a live order is bad, but just buying pounds when you know a client might later want to buy pounds seems ... inevitable? "
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