Class Action Suit Against Barclays Alleges Forex Rigging Losses

forex rigging

A New York-based investment adviser filed a class action lawsuit against Barclays Plc on Friday alleging that rigged foreign exchange trading practices at the bank caused “significant damages” to its trading partners.

The suit by Axiom Investment Advisors LLC, filed in a Manhattan federal court, follows a pact on November 18 in which Barclays agreed to pay New York State’s financial regulator an additional $150 million (100 million pounds) to settle allegations stemming from allegations about the bank’s forex practices.

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Gambling Tech Company Playtech Won’t Buy Forex Trading Shop Plus500


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The takeover bids reportedly fell through due to regulatory concerns. Playtech was founded by Israeli billionaire
Teddy Sagi.

Gambling technology provider Playtech Plc (PTEC.L) said its takeover bids for retail forex trading shop Plus500 Ltd (PLUSP.L) and online derivatives broker Ava Trade fell through due to regulatory concerns.

Shares in Playtech, which was founded by Israeli billionaire Teddy Sagi, fell as much as 12.3 percent in early trading, while those of Plus500 plunged as much as 22 percent.

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5 Tips for Developing your Forex Trading System

forex trading

The world of forex trading is high pressure, fast paced, and tempestuous. There is an art to plying the markets, and it is one that the most successful must spend years perfecting. There are no shortcuts, no ‘get out of jail free’ cards, and no magic potions that will help you to achieve.

This means that choosing the right forex trading system is essential. The best way to succeed in the markets is by building strong foundations for your trading strategy, and the system that you adopt will have an important role to play. The various elements of it should work together to create a cohesive and successful whole, and this means that each element has to be carefully selected with a view to how it will complement your overall approach.

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