WSJ: Mellon screws institutional currency traders [FX] - MarketTicker Forums


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User Info	WSJ: Mellon screws institutional currency traders in forum [FX]
Keewaydin Posts: 1712 Incept: 2007-08-22 Just a fleshwound!	Just another wee corner of the bezzle. http://graphicsweb.wsj.com/documents/DJF.... On analysis of trades for a LA pension fund: Quote: BNY Mellon priced 58% of the currency trades within the 10% of each day's trading range that was least favorable to the fund, the analysis shows. As a result, the trades cost the pension fund, the Los Angeles County Employees Retirement Association, $4.5 million more than if the average trade occurred . . .. 2011-05-22 23:44:25 Permalink
Kylafoon Posts: 2472 Incept: 2009-02-05 Zombie Portal Lookout	"Ha, ha, ha, ha! Not my problem. Suck on these lttle Chinese nuts, bitchez!" ---------- "...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910 "I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 2011-05-22 23:52:40 Permalink