Federal jury convicts ex-Deutsche Bank traders of fraud for engaging in manipulative trading practices

After a two-week trial, James Vorley and Cedric Chanu were convicted of three counts and seven counts, respectively, of wire fraud affecting a financial institution. A Chicago federal jury has found two former employees of Deutsche Bank guilty of fraud charges for their respective roles in fraudulent and manipulative trading practices involving publicly-traded precious metals futures

DOJ pushes Court to vacate sentences of ex-Deutsche Bank traders convicted of LIBOR rigging

Because the district court tethered Matthew Connolly’s sentence to Gavin Black’s sentence, both sentences should be vacated and remanded for reconsideration, the US authorities argue. It has been almost a year since the United States Government filed notices of appeal from the sentences of ex-Deutsche Bank traders Matthew Connolly and Gavin Black convicted of LIBOR

DOJ insists former JPMorgan FX trader should get prison term

Akshay Aiyer, convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the Forex market, deserves a sentence of imprisonment of between 37–46 months, the US authorities argue. The United States Department of Justice (DOJ) has opposed a request by Akshay Aiyer, former currency trader at JPMorgan convicted for

CME Group introduces FX Options Vol Converter tool

This tool takes the extensive price data that is already functionally equivalent to OTC options and creates a volatility grid by tenor and deltas for comparison purposes. International derivatives marketplace CME Group Inc (NASDAQ:CME) today announced the launch of a new FX Options Vol Converter tool. At a time when market participants are looking for