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The recent claim by CME exchange and assisted regulators that its taken 5 years of monitoring to catch "Nav" the spoofer proves that perhaps anonymity trading no longer is required ? Perhaps now is the time for a virtual pit where the market can see all the players ? Many years ago L.I.F.F.E produced an after hour system on screen called APT ; where every trader was tagged with a mnemonic and seen on every order . Anonymity appears to have benefitted rogue trading and allowed immediate abuses to go undetected; a vitual pit would allow the market place to judge and either ignore these "flash" "spoof"orders and respect understand real orders . This operation also makes every trader recognisable immediately and therefore aid real time regulation ; any abuses would be seen and officiated asap therefore providing a fair and orderly market . Sometimes good ideas are very simple !
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Roman Eloshvili Founder and CEO at XData Group
11 November
Ben O'Brien Managing Director at Jaywing
07 November
Eimear Oconnor COO at Form3 Financial Cloud
Karla Booe Chief Compliance Officer at Zeta Services Inc.
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