Highlighted by A Random Walk
From Oranges and lemons — the FX scandal in perspective by Dan Davies
nt in the future, it is going to be the defin…ng practice is now illegal. So it’s not surprising that we are now getting this series of scandals. The use of a position of privileged information to make money used to be the definition of what it meant to be a trader. At some point in the future, it is going to be the definition of what it means to be a criminal. And right now, we’re in the grey area where the boundaries of what constitutes the use of privilege…