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Should custody banks be required to provide transaction-time records for FX trades?

Some of the largest investment firms in the U.S. have been overcharged by banks for currency trades, bank insiders and others claim, broadening the scope of alleged abuses in pockets of the $4 trillion foreign-exchange market. Custody banks don't have to provide transaction-time records, so it's hard for clients to know exactly when a currency exchange took place or whether they received prevailing prices.

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