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  • Don't lie, don't cheat, don't start rumors, says new FX code

    From reuters.com

    The first global code of conduct for currency trading has banned dealers from lying and starting false rumors as part of a raft of new guidelines aimed at rebuilding trust in the world's biggest financial market. The document, launched on Thursday after evolving from a handful of regional codes used previously, focuses largely on the detail of how banks deal with clients' orders and what market participants can and cannot say to one another. On those issues alone, it includes dozens of individual directives organized under 11 broader "principles", as well as an extended annex of specific examples of ... (full story)

Wow.. what a 'new' concept. They used to teach that in kindergarten.
  •  Guest
  • | IP XXX.XXX.58.216
Tooo phunny. In a "Market?" that is itself an illusion, suddenly they assert that the brokers in the trenches, are suddenly going to start "Being honest"???
Charts that were not airbrushed after the fact, would be a nice start...
lol that would meant sideways on all pairs.
LOL...too funny..so the articles I've read this week about how the USD will be higher than expected....or the expectation on the rise of the dollar...will be banned? Reports from the American market will always show the huge rise in the dollar...If brokers actually had to report the truth what would the three remaining brokers report?
Very interesting but how are they going to implement and monitor this
Quoting Onyebuchim
Very interesting but how are they going to implement and monitor this
Will they be prosecuting liars on FF ??
Carbon-Dioxide: the gas of life!
yes we must scrap lies and rumours, attempts at minor manipulation as they get in the way of the central bank major manipulation
Do what's right for you
Guess that crimps the style a bit for one of our regular sources
Carbon-Dioxide: the gas of life!
  •  Guest
  • | IP XX.XXX.194.252
no one tells lies on ff, guaranteed.
porkies maybe ^-^
"You know what needs to be addressed , completely completely reverse that".
  •  Guest
  • | IP XX.XXX.79.117
and the footballs were never underinflated
Makin a list of naughty or nice, cuz Santa Claus is comin to town!

Ho ho ho boys and girls!

Can you say? ... " unenforceable! "

So I'd like to know where, you got the notion
said I'd like to know where, you got the notion

To rock the boat, don't rock the boat baby
rock the boat, don't tip the boat over
rock the boat, don't rock the boat baby
rock the boat-t-t-t-t
Liquidity will dry up, jobs lost, bank runs and closures, HFT will have to work on 6, 7, 8 digit pricing, banks will have to start infighting to get price movement. Maybe that's the idea, algo's can't lie, a 100% algo market??

Good intentions, but absolutely impossible.
My comments are not to be taken as trading advice, not a financial advisor
I thought they are not using traders anymore, just computers with algorithms.
Make your losses in demo. Earn your profits live.
  •  Guest
  • | IP XXX.X.79.12
Guys, I think you missed the point. Starting true rumors is fine.
  •  Guest
  • | IP XXX.XX.62.50
What if someone started true rumor and then that rumor turns out false? hehe
Fed Likely to increase rates soon, negative interest rates are working, US debt completely under control US unemployment is at 5 % and there will be only truth full rumors manipulating the market
Yeah right
Taking the headline at face value, FF news centre would dry up
Come with me if you want to live....
We all have become fine specimens of past and present governments. Come to think of a it I could be telling a fib.
Quoting Forexia
I thought they are not using traders anymore, just computers with algorithms.
Yeah.... but the algos still read twitter and the news
Carbon-Dioxide: the gas of life!
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  •  Guest
  • | IP XX.XXX.49.72
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  • Story Stats
  • Posted: May 27, 2016 8:10am
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 20  /  Views: 6,587