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And Another Thing...
Two of my pet hates have long been the blurring of lines between retail and institutional in FX markets, and the Fix. The start of the Mark Johnson trial, and many peoples’ reaction to it, have only served to increase my rage as it has highlighted both the increasingly loud (to my mind too loud) voice of the retail trader and the stupidity of using the Fix. Put simply, if you want a flash crash every afternoon in London listen to these people.

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