Former JP Morgan FX trader faces trial for price fixing
New York resident Akshay Aiyer is accused of conspiring to manipulate prices in CEEMEA currencies
A former foreign exchange trader at JP Morgan is scheduled to go on trial in the Southern District Court of New York on October 28 to face the charge that he conspired with peers at rival banks to manipulate prices in emerging market currencies. The trial is expected to last four weeks.
US prosecutors indicted Akshay Aiyer, a former executive director in the bank’s New York trading desk, on May 10, 2018, claiming he conspired to fix prices and rig bids and offers in Central and Eastern Europe
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