Analytics firms trawl for evidence in fix, proof yet to be found
Communications and trading patterns examined for wrongdoing
Banks, regulators and external service providers are taking a variety of approaches to uncover evidence that might substantiate allegations some traders colluded to rig the WM/Reuters benchmark rate. But while they have been analysing trading patterns and electronic communications messages, conclusive proof of wrongdoing is yet to be found.
Transaction cost analysis company ITG has been conducting an investigation into trading patterns and looked at price, volume, volatility and spread around
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