Former HSBC banker found guilty of fraud in the US

The interbank market is supposed to transact trillions a day. 3 billion is small potatoes. the 8m HSBC front running profit shows it. Only part of that is from price move. The rest are fees.
 
Clearly. The article says the 8m was from fees and front-running. But my question still stands.
 
3 billion in a 2000 billion market has minor impact. The small profit reflects that diminutive impact. Yes, the question stands, how many pence did the 3.5b move ? My guess is 3.56832 pence. Of course this is only a guess, a rough estimate.
 
Someone here says it takes 1-200M to move EUR/USD 0.2%. Suggests 3.5B might move it 3.5-7%. Which is massive. Enough to make fundamentals and technical analysis irrelevant.
 
Someone here says it takes 1-200M to move EUR/USD 0.2%. Suggests 3.5B might move it 3.5-7%. Which is massive. Enough to make fundamentals and technical analysis irrelevant.
It would depend on liquidity
 
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