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benchmark

CFTC Drops Deutsche Bank FX Investigation

The US Commodity Futures Trading Commission (CFTC) has closed its investigation into Deutsche Bank’s FX business, the bank revealed in its Q3 results today.

In May 2015, a number of major banks were fined more than $5.8 billion for practices relating to alleged collusion and manipulation of the spot FX market around the 4pm London Fix, by a number of regulatory authorities, including the CFTC.

Deutsche was not one of the firms named in those settlements, but remained under investigation by the CFTC for its FX market practices.