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Cantor named in rogue trader claim

Cantor Fitzgerald has reportedly emerged as the second money broker to be chased for compensation by National Australia Bank over rogue currency trading two years ago. TFS-Icap, a rival, was the first to be sued last year and has said it will vigorously defend the allegations.

The Australian Associated Press reports that Cantor's name was revealed yesterday by lawyers working for Gianni Gray, a former NAB trader allegedly involved in the trading.

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