Chat room bans could drive traders back to the phone
Mobile phones could make a comeback on trading floors, after several banks banned the use of interdealer chat rooms in recent months in response to allegations that traders shared confidential information in electronic messages, market participants say.
In the fallout from the international regulatory probe into alleged collusion to influence FX benchmark exchange rates, some banks have clamped down on the use of multi-dealer functions of online communications tools, such as Instant Bloomberg
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