Tag: FX stop losses

FX stop losses

HSBC Faces Lawsuit After Judge Finds for ECU Group

HSBC is facing potential legal action after a UK High Court judge ordered it to hand over trading records requested by one of its former clients ECU Group. Although it initially was persuaded by HSBC to drop its complaint, ECU Group renewed its claim against the bank over stop loss orders executed in 2006, following the US Department of Justice bringing charges of wire fraud, including front running, relating to a deal HSBC executed on behalf of Cairn Energy in 2011.