Former JP Morgan FX trader faces trial for price fixing

Court - houses US District Court for Southern District NY.JPG — The trial begins on October 28

- By Laura Matthews
- 17 Oct 2019

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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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