Goldman Sachs latest to ban chatrooms

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Investment bank Goldman Sachs has become the latest major financial institution to ban its dealers from using multilateral online chatrooms, a source familiar with the matter said on Friday.

Reuters reports that the move follows similar steps this week by JP Morgan and Deutsche Bank, as the global investigation into allegations of manipulation of the $5.3tril-a-day currency market gathers steam.

Goldman's move extends beyond foreign exchange to its entire securities division, which includes equities, commodities and fixed income.

Bilateral communications via these chatrooms will still be permitted, the source said.

To access the complete Reuters article hit the link below:

Goldman Sachs bans multidealer chatrooms - source

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