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Reuters: Chatroom evidence implicates BOE in forex probe

  • Transcripts from a forex chatroom indicate that officials at the Bank of England agreed that there were benefits to traders sharing information about client orders as a way of limiting market volatility, Reuters reports.
  • The transcripts described discussions that took place between BOE officials and senior dealers in April 2012.
  • If accurate, the chatroom conversations would stand in contrast to BOE assertions that it hadn't condoned the sharing of client orders. The practice has become the center of an investigation into the manipulation of the $5.3T-a-day forex market.
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