London trader for JPM “amassed positions so large he’s driving prices”

MK comment: Not sure if the two events are linked but here’s something that was reported back in April originally by Bloomberg:

April 9, 2012
Economic Times/Bloomberg

“A JP Morgan Chase & Co trader of derivatives linked to the financial health of corporations has amassed positions so large that he’s driving price moves in the $10-trillion market, traders outside the firm said.

The trader is London-based Bruno Iksil, according to five counterparts at hedge funds and rival banks who requested anonymity because they’re not authorised to discuss the transactions. He specialises in credit-derivative indexes, a market that during the past decade has overtaken corporate bonds to become the biggest forum for investors betting on the likelihood of company defaults.