The Cartel: How BP Used a Secret Chat Room for Insider Tips

With revenue of almost $400 billion last year and operations in about 80 countries, BP trades large quantities of currency each day. Traders at the company regularly received valuable information from counterparts at some of the world’s biggest banks -- including tips about forthcoming trades, details of confidential client business and discussions of stop-losses, the trigger points for a flurry of buying or selling -- according to four traders with direct knowledge of the practice.

The Cartel: How BP Used a Secret Chat Room for Insider Tips ~ Bloomberg