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.
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