Today Mark Johnson, head of HSBC global cash foreign exchange trading, was declared guilty of front running. His defense lawyer said that "pre-hedging" is a standard in the industry and that Cairn knew in advance that HSBC was going to make these trades.
What's your take on the matter? Also is front running on a smaller scale prevalent in the industry or is it that only a few bad apples partake in it and get caught?
Hey JoyfulMonkey, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
More suggestions...
I hope those threads give you a bit more insight.
Est itaque quas quo consequatur. Id veniam modi dolorem alias saepe. Libero beatae commodi minus dolorum et dolorem. Earum laborum est eos ut quis eius.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...