FX fixing enforcement actions
This library records 3 enforcement actions tagged fx fixing. FX fixing manipulation is trading during the short window used to calculate a daily currency benchmark, using advance knowledge of client orders that must be executed at that fix.
Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the fx fixing technique page.
- Actions
- 3
- Total penalties
- $2.6bn
- Median penalty
- $800m
- Largest
- $1.4bn
- Criminal parallel
- 100%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| CFTC v. of Attempted Manipulation and False Reporting of Foreign Exchange Benchmark Rates (benchmark submission rigging, 2015) | CFTC | 2015-05-21 | $400m | judgment |
| CFTC v. of Manipulation (benchmark submission rigging, 2015) | CFTC | 2015-04-24 | $800m | judgment |
| CFTC v. Five Banks (benchmark submission rigging, 2014) | CFTC | 2014-11-13 | $1.4bn | judgment |