ISDAfix probe turns to e-mails, text messages at ICAP

05/20/2013 | Bloomberg

More than 1 million e-mails and instant messages between brokers at ICAP and the world's biggest banks are being scrutinized by the Commodity Futures Trading Commission, which is looking into possible price manipulation of the ISDAfix benchmark. Michael Spencer, CEO of ICAP, said last week that an in-house probe did not reveal any wrongdoing.

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