Latest opinions that Neil Crammond has shared on Finextra

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Neil Crammond

risk education & real time market abuse

DIVENTO FINANCIALS

Member since

13 Aug 2012

Location

London

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Neil's opinions

MARKET MAKING OR MANIPULATION ?

Events last week have asked the market a serious question . Do our regulators have the respect or trading knowledge to understand market making from manipulation ? Currently under "the Volcker rule " they are able to name traders as "guilty" with little or no real evidence ; the probe into Lloyds banks gilt traders activity is...

11 January 2016

2016 ............HAS ANONYMITY TRADING RUN OUT OF GAS !

Back in 2013 Citadel , the biggest HFT , found that spoofers were robbing their algos of monies ! The spoofer places orders that it had no intention of filling and enticed Citadel into trading , then cancelled them , leaving them with losing trades . Blow me down we cannot have Citadel losing monies or being out spoofed as they virtually control m...

03 January 2016 /regulation

PARTNERS IN CRIME

PARIS EURONEXT & VIRTU FINANCIAL FINED $5 MILLION EACH ! Finally after countless complaints over numerous years a regulator ha finally punished an exchange for failing to provide fair and orderly markets . However the best punishment would of been to suspend both of them ! It now appears that exchanges have given certain members privileg...

09 December 2015 /regulation

ACTION REPLAYS SHOULD BE IMMEDIATE NOT YEARS

Recent court cases involving Navinder Sarao and Mike Corscia - along with Barclays $150 million spoofing fine - are very clear examples of a system refusing to react to manipulations even when they have the tools available to do so. Head of CME Terry Duffy said: "We need to get the facts from the case. This is a first trial-by-jury-case."...

24 November 2015 /regulation

Michael Coscia part 2 ..................... when civil courts over ride regulators

I was asked to explain how this new court case would affect the market and WHY it has shocked the HFT companies who thought they had conquered the exchanges supervision depts ! MICHAEL COSCIA's CONVICTION OF SPOOFING / CHEATING last week SENT A HUGE MESSAGE TO THE MARKET PLACE . THAT MESSAGE CLEARLY SPELT THAT USING ORDERS THAT ARE QUICKLY CAN...

11 November 2015 /regulation /inclusion

Michael Coscia : HFT no more hiding

Why was he allowed to cheat ? Why did exchanges fail to suspend these trades ? Finally after years of complaining we have a result ! Bank robbers and murderers always plead innocent until found guilty and Panther energy are no different . His company was allowed by exchanges and regulators to daily abuse , spoof , flip and blatantly cheat for...

05 November 2015 /regulation /inclusion

EUREKA .......EUREXA ...............EUCHEATA

The most shocking revelation of the V.W saga was that the regulators were either asleep or cheating in their duties and knew this since early 2014 . The very questioning of our regulators is now the order of the day ; as many times over the years traders have complained of their ability and education to provide fair and orderly markets . Eurex al...

13 October 2015 /regulation

Flipping Hell

Our city regulators have recently warned us that commodity and Fx traders are ignoring the lessons of the Libor rigging scandal and not putting adequate measures together to prevent further abuses . Banks & trading houses are failing to monitor traders and still operate inadequate surveillance systems . The FCA issued this caution after a cond...

06 September 2015 /regulation

BUY back ST Ledger day ...approaches !

Sell in May ...BUY back on St Ledgers day !" September 10th approaches and could not come soon enough as investors return from their Summer vacations and hope to restore confidence in this fragile market . 3 of the past 5 years FTSE / Indices have tumbled in August ; commodity prices are the lowest seen this century; FTSE is where we were...

01 September 2015 /regulation /inclusion

WHY QUANTATIVE EASING IS A WEAPON OF MASS DESTRUCTION !

WHY QUANTATIVE EASING IS A WEAPON OF MASS DESTRUCTION ! History tells us that planning an escape from Q.E. is virtually impossible, our last effort kept rates on hold for over 23 years and concluded with the start of WW2 . This “normalisation” of our economy is proving very painful to accept; it appears we have enjoyed the benefits of stock mark...

24 August 2015 /inclusion

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