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'Pre-Hedging' Is Standard Practice, HSBC Forex Jury Hears

By William Gorta ( October 10, 2017, 9:43 PM EDT) -- The former head of foreign exchange trading for Deutsche Bank told the New York federal jury weighing the criminal case against an ex-HSBC executive Tuesday that "pre-hedging," or making some of a large currency purchase in advance, is a standard practice that can be beneficial to the buyer because it keeps the price down....

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