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NY probing Deutsche Bank, Barclays' FX algorithms: source

Evidence may have been found to show that banks have tools in their platforms to manipulate rates
Friday, December 12, 2014 - 05:50
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Deutsche Bank wasn't among the six firms that agreed to pay US$4.3 billion to US, UK and Swiss authorities last month.

New York

NEW York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign exchange rates, a person with knowledge of the investigation said.

The practice suggests that there may be a systemic