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Articles tagged by CME FX settlement

And Finally... The problems around OTC market benchmarks are well-established, but it's not just limited to these markets - there are suspicions and claims about collusion and attempted manipulation in listed markets as well. The latest lawsuit against FX banks has a very interesting paragraph in it which highlights the Plaintiffs' belief that the Fix is open to manipulation, which begs the question, "Why use it?" So is it time for a rational and genuine discussion about the use of these benchmarks? I think it is.