The Commodity Futures Trading Commission, the UK Financial Conduct Authority, and the Chicago Mercantile Exchange today announced enforcement actions, settlements, and big fines and disgorgement orders for disrupting trading practices - specifically spoofing — involving various commodity futures traded on the CME and ICE Futures Europe utilizing algorithmic trading. For this news item and valuable lessons learned check out our website.
High Frequency Trading Articles
Compliance Weeds: CME Proposes New Guidance Regarding Wash Trades Effective September 9, 2013 Pending CFTC Approval
An on again, off again, and now on again CME proposed Advisory Notice providing guidance on wash trades was re-submitted to the CFTC on 9 July with a proposed effective date of 9 September. What does it mean?