A former hedge fund veteran sounded a warning over the 'wild, Wild West' FX market
From businessinsider.com
Regulators are focusing their overhaul of financial markets in the wrong place and should be cracking down on the "wild, Wild West" foreign-exchange market, a former hedge fund manager and derivatives trader says. Darren Jordan, who has been in finance for 26 years and who was formerly a derivatives trader for some of the world's largest banks, told Business Insider that the FX market was still full of aggressive mis-selling. Despite the raft of banking scandals involving this market, regulators are not doing enough to stop it. "There is a lure for young people to come to the City and into finance and make a quick ...
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