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Brokers put FX on watch

Results of Nasdaq poll come as UK government confirms it will pursue criminal charges against manipulation of FX benchmarks from next spring

Brokers have made the surveillance of foreign exchange trading a top priority for 2015, according to the results of a Nasdaq poll. In a separate development, the UK government has confirmed it will from next spring pursue criminal charges against anyone manipulating FX benchmarks.

Smarts, a surveillance and compliance unit of Nasdaq, conducted an in-person poll with brokers during client summits in the autumn. It found that monitoring FX trading and electronic communications - including instant messaging, social media and mobile messaging - topped a list of priorities for next year.

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