U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Tower Research Capital LLC, a proprietary trading firm, arising from a manipulative and deceptive scheme, spanning nearly two years and involving thousands of occasions of spoofing in equity index futures.
Below is a letter from the National Cattlemen’s Beef Association to the CME that originally was posted on the “Points and Figures” blog (commentary follows
Commodity Mercantile Exchange: Judge John Robert Blakey in Chicago dismissed a lawsuit accusing CME of favoring HFTs by giving them access to market data ahead of other investors.
The U.S. government will square off in a Chicago courtroom on Monday against a high-frequency trader accused of using computer algorithms to move market prices, as prosecutors test their ability to enforce a new "anti-spoofing" law.
This is part of an ongoing series describing silver "Electronic Price Discovery versus the Fundamental Reality." In this discussion, we go a little deeper with HFT and algorithm trading, and its impact on the market.
The exchange sector was down 60 bps this week, outperforming global equities by 30 bps. The CFTC is considering toughening the rules applied to automated traders, and more exchange news.
