ACI Dealing Certificate (#3)

You hear from several counterparties that a major market participant has taken major losses on long USD/JPY positions. You know the reports are untrue, as you have in fact bought large amounts of USD/JPY from that very firm, which means that the impact of the reports on the market would be helpful to your position.

As you have heard the reports from other parties, you are entitled to pass them on to market news services.
As you have heard the reports from other parties, you are entitled to pass them on to other market participants.
You should not pass any information you know to be false.
You should contradict the reports.