From ZeroHedge:
The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal
http://www.zerohedge.com/news/2014-...sh-petroleum-bank-england-cartel-full-frontal
In the land of the "free market" this has been the norm for quite some time and I'm really disgusted every time I'm reading this - market rigged stories.
I guess this comes as no surprise as the dealers and the banks have always kept track of people’s positions and routinely trade against them. Even in the old days, the floor brokers gunned for stops and shared that info with the big players it seems old practice die hard, but as long as the market is a zero sum game this manipulations will go on as human nature doesn't change.
Let's face it, if you have been long enough in this business you know that shit stinks quite badly especially in the FX world (not to mention Gold, Libor etc)
Now, this is something that people need to go outside and protest but it seems that no one cares.
It's rigged bitchez just save yourselves!!!
The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal
http://www.zerohedge.com/news/2014-...sh-petroleum-bank-england-cartel-full-frontal
In the land of the "free market" this has been the norm for quite some time and I'm really disgusted every time I'm reading this - market rigged stories.
I guess this comes as no surprise as the dealers and the banks have always kept track of people’s positions and routinely trade against them. Even in the old days, the floor brokers gunned for stops and shared that info with the big players it seems old practice die hard, but as long as the market is a zero sum game this manipulations will go on as human nature doesn't change.
Let's face it, if you have been long enough in this business you know that shit stinks quite badly especially in the FX world (not to mention Gold, Libor etc)
Now, this is something that people need to go outside and protest but it seems that no one cares.
It's rigged bitchez just save yourselves!!!