Getting forex markets to do the right thing

By Michael O'Brien and Bill Nosal, NASDAQ OMX
13 Jun 2014

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The remarks made by UK Chancellor George Osborne in his Mansion House speech last night, squarely addressed manipulation in the forex markets. While the topic was not surprising to anyone, the public and political acknowledgement was greatly needed, and also provided greater clarity to the banking sector, which in recent months has been proactive in tackling alleged FX market abuse by certain individuals, all the while operating in something akin to a regulatory gray area. Generally, across the

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