The US derivatives watchdog said Deutsche Bank will settle two cases related to a technical outage of its swap reporting platform and alleged spoofing.
Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
Merrill Lynch Commodities admitted the illegal activity following an investigation by the US Department of Justice and the CFTC.
Citi’s markets business in the UK has been accused of spoofing Japanese Government Bond futures and could face a fine of $1.2 million.
Mizuho Bank has settled charges with the CFTC after one of its traders carried out spoofing in US Treasury and Eurodollar futures markets.
Fines follow Citi’s $25 million penalty for spoofing US treasury futures markets in January this year.
Citi caught spoofing orders in US treasury and swaps markets after CME inquired about suspicious trades.
FINRA looks to SEC for more authority to stop spoofing and layering quickly.