Cummins claims agreement with Aiyer and two others to boost profits
Former Citi trader alleges doing “whatever it takes”, including spoofing markets and triggering clients’ stop losses
Christopher Cummins, a former currency trader at Citi, told a New York jury that he and three other traders at rival banks had an agreement to help each other via an alleged pact, whereby they would spoof emerging currency markets and trigger clients’ stop losses to make a profit.
He began outlining the intricacies of what he claims was a scheme to fix prices and rig bids as he testified on November 1, as a government witness in the criminal case against his friend, Akshay Aiyer, a former
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