"This is extremely creepy. What does an index of prices mean when it reflects prices that are not real for financial instruments that do not exist? The situation sounds uncomfortably reminiscent of LIBOR, the interest rate that banks charge each other for loans, which, it was lately discovered, has been rigged by Barclays and other banks.
We've already had a whale of tale with the JP Morgan disaster. But this one sounds even fishier."
