Join the Community

21,595
Expert opinions
43,733
Total members
390
New members (last 30 days)
147
New opinions (last 30 days)
28,567
Total comments

Exchanges integrity need questioning

Be the first to comment

CAN THE REAL SPOOFER STAND UP ?

Navindar Savao  lawyer really needs to ask why his client had hundreds of thousands of orders processed by exchanges ?  Perhaps he would be better off pleading guilty to certain charges of manipulation and indeed question why Market supervision dept failed to halt his orders . 

Paul Rotter ; the famous Flipper ;  http://www.trading-naked.com/paul_rotter.htm   

were heralded by Eurex exchange as a great trader however most of his trades were  illegal ; yet provided both volume liquidity and profits to the exchange . Were Navindar Sarao trades any different ?  Sadly during this period the exchanges ignored all complaints and therefore allowed Paul Rotter to earn large amounts of money ;mainly at the cost of honest traders .  

 Therefore I am not defending Navindar Sarao but stating that the real guilty parties are the exchanges who allowed him to engage his orders and like Paul Rotter become a very successful trader ; perhaps the real target of SEC & CFTC is indeed the exchanges ; CME ; EUREX and LIFFE  are all guilty of allowing these trades and when Savao is found guilty then I believe they will be next in the dock !

 

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

21,595
Expert opinions
43,733
Total members
390
New members (last 30 days)
147
New opinions (last 30 days)
28,567
Total comments

Now Hiring