Former Barclays trader banned and fined $1.2 million by the Fed

Christopher Ashton, ex-global head of FX spot in London, used 'unsafe and unsound practices' to manipulate FX rates

US Fed
Federal Reserve: Christopher Ashton received personal benefit from his manipulative and collusive misconduct

A former Barclays foreign exchange trader and member of a chatroom that called itself ‘the Cartel' has been fined $1.2 million and banned permanently from working in the US banking industry by the Federal Reserve for engaging in co-ordinated trading with competitors and manipulating fix rates.

Christopher Ashton, former global head of the FX spot business at the UK bank, used chatrooms to manipulate FX currency benchmarks and share confidential, commercially sensitive information in order to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: