Scott Johnston is the Chief Administrative Officer of Citadel. Prior to becoming CAO in 2018, Scott served as Chief Operating Officer of Citadel Securities. Scott joined Citadel Securities in 2017 from Tower Research Capital, where he was a partner and COO responsible for business development, operations and business management. Prior to joining Tower, he was Managing Director and Chief Information Officer at the Chicago Mercantile Exchange (CME), responsible for GLOBEX and clearing technology. During his time at the CME. Scott is a graduate of the University of Michigan.
Bloomberg, 21 October 2019
The criminal case against two former Deutsche Bank AG employees accused of fraudulent and manipulative precious-metals trading can proceed, after a federal judge on Monday rejected their request for dismissal.
U.S. District Judge John J. Tharp in Chicago said prosecutors had properly used the wire-fraud statute to charge James Vorley and Cedric Chanu with spoofing, part of an alleged multiyear scheme to defraud other traders on the Commodity Exchange Inc., a venue run by CME Group Inc.’s Chicago Mercantile Exchange.
MarketWatch, 2 June 2017
A former futures trader at Deutsche Bank AG was permanently barred from the industry after admitting he conspired to manipulate the price of gold and silver futures contracts.
David Liew, a trader who was based in Singapore, also pleaded guilty in federal criminal court in Illinois on Thursday to using illegal spoofing techniques from 2009 to 2012. Regulators and prosecutors have cracked down on spoofing, which involves sending fake offers intended to push prices in a direction that benefits the trader’s other orders. Congress made it illegal through the 2010 Dodd Frank financial overhaul law.