BNP Paribas personnel deliberately traded to move the ISDAfix benchmark in a direction at the precise time it was being set, says the CFTC.
The CFTC says the bank's traders "openly joked about" their efforts to manipulate the global benchmark for interest rate products.
The CFTC orders the investment bank to pay up in response to charges that traders deliberately influenced a U.S. global dollar benchmark.
U.S. regulators allege Citi manipulated key swaps and interest rate benchmark to benefits its own trading positions.
