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Futures markets spoofers getting caught in record numbers

Section: Daily Dispatches

By Gabriel T. Rubin
The Wall Street Journal
Wednesday, October 31, 2018

Federal regulators have ramped up their pursuit of traders who use a bluffing tactic known as spoofing to manipulate market prices, enforcement officials said, leading to a record number of manipulation cases.

As part of the push, the Commodity Futures Trading Commission earlier this year quietly began receiving daily sets of market data from the world’s largest futures exchange, CME Group Inc.

CME handles around 85 percent of U.S. futures-markets trading by volume. Regulators for the first time now have access to daily trading data with a one-day delay, giving them a much broader window into trading activity -- and possible manipulation. Previously, the CFTC largely relied on CME staff and whistleblowers to spot spoofing. ...

... For the remainder of the report:

https://www.wsj.com/articles/u-s-market-manipulation-cases-reach-record-...



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