"Now you might think it's all more or less a wash, because someone is gonna have the other side of that derivative, but that's not the case. The banks tend to h

"Now you might think it's all more or less a wash, because someone is gonna have the other side of that derivative, but that's not the case. The banks tend to have the same sides of the trades against their customers, because the customers are mostly all after certain payoff schemes." Thanks for clarifying. That was really confusing me because it did sound like it ought to be a wash. The other thing is: is this illegal? I am assuming there are no insider trading laws that apply to FX because there is no fiduciary duty to a currency.