Forex defence: traders saw themselves against the market, not their customers

Pallavi Guniganti

26 March 2019

Forex defence: traders saw themselves against the market, not their customers

Heather Tewksbury Nyong'o at GCR Live Cartels in 2019 (Credit: GCR Live / Freedom Film)

The US Department of Justice and private plaintiffs said traders harmed the market by coordinating on foreign exchange transactions and benchmarks, but the traders – including the DOJ’s star witness – said they had sought to help their customers.