(this is from the spoofing case linked to in @matt_levine newsletter today)
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How is it possible that in 2018, bank traders were (a) still regularly putting in spoof orders (b) talking about it candidly on a recorded phone line. FFS!pic.twitter.com/lrjSfKgIVw
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there is no good reason to ban spoofing except to help out market makers, it should be allowed.
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ok, fine, but given that it's illegal it's still idiotic to do it and then talk about doing it on a recorded phone line
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If they were smarter they wouldn't be working at NatWest?
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Given that comment from the supervisor, i hope he got fired too! But trust me when i say those 2 were no einsteins...
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Simpler times
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Insane
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