Chatroom dealings can benefit trading – Aiyer case expert witness

Academic finds 162 examples of traders matching each other in rand chatroom, generating savings of several thousand dollars per trade

business people - speech bubbles chat - Getty.jpg
Chatrooms: Richard Lyons told the court that dealers use them to create opportunities for trading

There were more than 100 instances of traders matching off with each other in the rand chatroom at the heart of a price-fixing conspiracy case against JP Morgan trader Akshay Aiyer, according to an expert witness for the defence.

Richard Lyons, a professor and former dean at Haas School of Business at the University of California, Berkeley, was the first witness to testify as the defence began presenting its case on November 14, in the hope of clarifying the complexity around making prices and

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 [email protected] or view our subscription options here: http://subscriptions.fxweek.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 Week 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: