Peter Little to fight proposed Fed ban at trial

Lawyers for the ex-trader, who is looking at a potentially permanent ban from markets, say he is innocent and will be vindicated

Fightback: Little has 20 days to respond to the Fed's notice, after which a trial date will be set

Peter Little, former head of the G10 foreign exchange spot-trading desk at Barclays, is planning to fight a proposed ban from the industry by the Federal Reserve Board at trial, after declining to consent to enforcement action from the central bank, the trader’s lawyers told FX Week.

The Fed gave notice on February 16 that it is seeking to impose a permanent ban on Little, as well as a fine of $487,500, in relation to its allegations that he manipulated foreign exchange rates in EUR/USD between

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