5 Banks Pay $4.3B in First FX-Rigging Settlement

The video discusses the manipulation of the foreign exchange market, highlighting a $4.3 billion settlement for rigging allegations. It explains the concept of 'fixing' foreign exchange rates and the unregulated nature of the $5.3 trillion market. Evidence from chat logs reveals collusion among traders from competing banks, which is against regulations. The video contrasts the operations of hedge funds and banks, emphasizing the integrity expected from banks. Viewers are encouraged to explore CFTC orders for more insights.

What are the implications of the alleged collusion among traders in the foreign exchange market?

What distinguishes the operations of hedge funds from those of banks?