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Traders told to leave mobiles at the door

Traders told to leave mobiles at the door

(27 July 2005 – Europe) Deutsche Bank is the latest investment bank to ban the use of mobile phones in its trading rooms. The bank placed the ban as it was unable to monitor its traders’ discussions with clients. Deutsche’s policy is to monitor all calls made by traders to clients.

Goldman Sachs also banned mobile phones from its dealing rooms following an internal investigation into allegations traders at its London operation had been tipping off favoured clients. The allegations were subsequently found to be untrue.

Most banks restrict the use of mobile phones in dealing rooms but this is the first time they have banned them completely.
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