“Conditions ripe for market manipulation, says the trader who brought down Barings.
Rogue trader Nick Leeson says the surge in trading volume and rapid pace of regulatory change around the Shanghai-Hong Kong stock connect have created conditions ripe for market manipulation.
The trader who famously broke Barings Bank in 1995 by making unauthorised bets on the futures markets in Singapore said the explosive pace of change had likely created a mismatch in available information to stock market dealers and regulators.”
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