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Credit Suisse Fined For Being Too Good At Front-Running

(Dealbreaker) Back in the old days, an ethically challenged trading desk might find it profitable to step in just prior to large client orders, coordinate a plan of attack over phone, and then swarm in….But in the 21st century, that kind of grubby, low-tech grift is no more. Instead, as New York’s Department of Financial Services alleges in a $135 million fine against Credit Suisse, it’s now possible to fully automate the whole process with a sleek and sexy algorithm…

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