"As by way of analogy, last March the Australian cricket team were caught cheating in Cape Town South Africa.
"By deceitfully applying sand paper to the ball in an artificial attempt to swing the ball through the air, and they did it even though they were in front of cameras.
"The traders were already successful and well paid and did not need to run the risk for what was for them a small or relatively small advantage.
"Like the Australian Cricket team these traders did not think that they would be caught."
Their case was brought after an investigation by the Serious Fraud Office in their latest charges against City bankers.
Bermingham, Bohart and Palombo each deny one count of conspiracy to defraud between 2005 and 2009.
The trial continues.