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Where's Canoz? He's normally here all day every day. Chinese authorities must have caught up with him.
Where's Canoz? He's normally here all day every day. Chinese authorities must have caught up with him.
Lol....should be asleep but couldn't resist a late night ham, cheese and dill pickle Sanger before bed....in gorgeous clean, clear and very green New Brunswick Canada!
Lurking as wifi allows
The Commodity Futures Trading Commission said on Monday that it had set penalties of $2.8 million on Panther Energy Trading for a practice known as “spoofing,” in which bogus orders are used to draw in other traders. The firm and its owner, Michael J. Coscia, were also barred from trading for a year.
The agency said it was the first case to be brought using new rules against spoofing contained in the Dodd-Frank financial reform legislation.
Ha! Finally a spoofter gets the cucumber rumba!!
http://dealbook.nytimes.com/2013/07...is-fined-and-barred/?partner=rss&emc=rss&_r=1
Ha! Finally a spoofter gets the cucumber rumba!!
http://dealbook.nytimes.com/2013/07...is-fined-and-barred/?partner=rss&emc=rss&_r=1
Watch microstructure in these markets "devolve" to the way they were just a few years ago!
Great news for free markets imho.
So any idea what markets are most affected Sinner? I guess energies and the other US markets? Does this mean we will see less spoofing, fewer iceberg, etc?
FWIW, i've seen less spoofing in CL and GC but i just thought it was summer activity.
I think it'll happen first with firms which are most worried about getting the same treatment as Panther, i.e. their closest competitors. Rather than a particular market, it's more about which markets those firms are trading in? Hope that makes sense.
*(ES) SPAIN DEBT AGENCY (TESOSO) SELLS TOTAL €3.22B VS. €2.0-3.0B INDICATED RANGE IN 2016 AND 2018 BONDS - Source TradeTheNews.com
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