Federal prosecutors told jurors on Tuesday that two former Deutsche Bank AG traders manipulated precious-metals markets to reap illegal profits. Defense lawyers claimed the techniques the men used were lawful and akin to competitive bluffing in a high-stakes card game. A Chicago jury will decide if the trades made by James Vorley and Cedric Chanu were criminal. Their trial began Tuesday on charges of fraud and conspiracy in the latest “spoofing” case brought by the U.S. since the so-called “flash crash” a decade ago. Vorley and Chanu are accused of issuing multiple trade orders between 2008 and 2013 that they ... (full story)