Currency spoofing is said to be New York's latest target

Section:

By Karl Gelger
Bloomberg News
Monday, November 23, 2015

The New York attorney general is investigating possible manipulation in foreign-exchange trading, according to a person familiar with the matter, aiming more scrutiny at a market already tainted by scandals that have led to billions of dollars in fines.

The investigation centers on brokers who may be placing fake orders, a technique sometimes called spoofing, according to the person. These practices are also referred to as ghosting, because they create the impression of activity that isn't really there. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2015-11-23/currency-spoofing-is-s...



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