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The CFTC is settling with the NEX Group subsidiary over allegations of a complex manipulation of the U.S. Dollar ISDAFIX benchmark.
CFTC officials have settled a benchmark manipulation case against ICAP Capital Markets (ICAP) via an order that requires the firm, now known as Intercapital Capital Markets, to pay a $50 million civil monetary penalty, officials say The regulator is alleging that the firm, a NEX subsidiary company, used certain brokers to help facilitate attempts by...
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