FX ‘Cartel’ Traders Teamed Up After Trying to ‘End’ Each Other

  • Government witness Matt Gardiner finishes a week of testimony
  • Prosecutors call others to discuss trading data, settlement
Chris Ashton, Rohan Ramchandani and Richard UsherPhotographs: Bloomberg
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A group of British currency traders decided it was better to talk than fight, a Manhattan federal jury was told.

The traders saw each other as fierce rivals before they became fast friends and decided to work together in a chatroom known as “The Cartel,” one of them told the jury.