https://www.hctech.com/fx-disclosure FX disclosures are a fun read sometimes
“Order Rejects: HCT may reject orders asymmetrically. HCT believes that a symmetrical execution tolerance will impact the counterparty in an adverse manner.” — isn’t this what Barclays got in trouble for?
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This is not even the best bit
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I mean there is a lot of stuff that sounds sus (pre-hedging in response to a client order...) but I’m not familiar enough with market norms to tell what is off market, and what is just FX being generally shady.
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“stonewall and obfuscate” never a phrase you want to come up in court
End of conversation
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