As five banks are hit with massive fines relating to an investigation into foreign exchange markets, an insight into the collusive and macho world of the forex-riggers has emerged
On Wednesday, the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday published "Examples of Misconduct in Private Chat Rooms" which detailed the online conversations between traders as they tried to manipulate the markets.
It revealed that traders called on each other to "join forces" and "double team it", before congratulating each other on the outcome.
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Here are some examples of chat room conversations published by the CFTC (the spelling mistakes are theirs, not ours):