Rate rigging, fixing and manipulation in the US$5.3 trillion-a-day foreign exchange (FX) market - or in the equity and derivatives markets come to that - might well be regarded by most ordinary folk as something akin to a minority sport. But lately there have been a slew of scandals and allegations of fixing in the markets and one could be forgiven for thinking that no financial market is immune to abuse and manipulation.
Rate rigging, fixing and manipulation in the US$5.3 trillion-a-day foreign exchange (FX) market - or in the equity and derivatives markets come to that - might well be regarded by most ordinary folk as something akin to a minority sport. But lately there have been a slew of scandals and allegations of fixing in the markets and one could be forgiven for thinking that no financial market is immune to abuse and manipulation.
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