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Robots now reading trader chats

Wind-up Robot

Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.

Citi shared client orders - former FX trader claims

London Canary Wharf

Citigroup executives encouraged foreign-exchange traders to use electronic chat rooms to share client orders with employees of rival banks, a practice that forced finance companies to pay $10bn in regulatory fines, according to evidence presented to a London employment tribunal.

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Wind-up Robot

Robots now reading trader chats

Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.

London Canary Wharf

Citi shared client orders - former FX trader claims

Citigroup executives encouraged foreign-exchange traders to use electronic chat rooms to share client orders with employees of rival banks, a practice that forced finance companies to pay $10bn in regulatory fines, according to evidence presented to a London employment tribunal.