Alternative Trading System IEX burst on the scene after Michael Lewis’ 2013 bestselling book “Flash Boys: A Wall Street Revolt” turned its founder, Brad Katsuyama, into the fair-haired protagonist fighting the evils of Wall Street.
The Commodity Futures Trading Commission (CFTC) on Nov. 24, 2015, unanimously approved a series of rules to “enhance the regulatory regime for algorithmic order origination and electronic trade execution on U.S.-designated contract markets (DCMs).”
On Nov. 3, 2015, a federal jury in Chicago found commodities trader Michael Coscia guilty on six counts of commodities fraud and six counts of spoofing, the first criminal conviction for that offense under the Dodd-Frank Act.
The Commodity Futures Trading Commission's (CFTC) first court battle interpreting its new anti-manipulation authority under Dodd-Frank amendments to the Commodity Exchange Act (CEA) is CFTC v. Kraft Foods Group Inc. (KFT) and Mondeléz Global LLC. The case alleges that Kraft manipulated the wheat futures and cash markets in 2011.