After the FSA’s shock raids yesterday some names have made it to the surface. One was a London-based equity execution trader Julian Rifat at Moore Capital. Another was Clive Roberts, head of European sales trading at Exane, which is part owned by BNP Paribas. A Deutsche Bank executive was also arrested – Martyn Dodgson, formerly of Lehman, was a managing director in the corporate broking department.

Deutsche, Exane and Moore confirmed their employees were involved. It is understood that they were all trading on personal accounts.

Three other, as yet unnamed, were also arrested.