CME FX fix under microscope in new lawsuit

- By Robert Mackenzie Smith
- 07 May 2015

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A CME Group benchmark referenced as the daily settlement price for FX futures and options on the exchange has been brought into question, following another class action lawsuit against 12 banks in the US for its alleged manipulation.

Filed at the US District Court Southern District of New York in late February, the complaint alleges the same 12 banks accused of manipulating the WM/Reuters benchmark in a separate class action have been distorting the price of FX futures and options traded at the

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