2017: the year of analytics, atonement and pants
Despite the raised level of personal responsibility and accountability, FX industry participants continued to make dreams come true
Analytics ruled the roost in 2017, but while the year saw a resurgence in banks’ appetite for trading currencies yet again, problems from the past lingered. The trial of former HSBC executive Mark Johnson in the US was a pivotal moment for currency traders and the industry, even as dealers move forward.
Personal accountability and responsibility have never been higher in foreign exchange markets – a development with significant consequences for the future. Following the conviction of Johnson, a
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