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

ZERO TOLERANCE

Recent fines and admissions from regulators in many markets from commodities to currencies has proved that market abuse is sadly rife in our exchanges . I have been brave enough over the last decade to question the relevant authorities that the need for speed has provided a mask for mass market abuse . The same discussion occurred with both with A...

23 May 2015 /retail

Exchanges integrity need questioning

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 ; ht...

10 May 2015 /regulation

Assisted regulation and virtual pits

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 cal...

28 April 2015 /regulation

Why can exchanges exploit fair and orderly markets .

I am constantly asked about market abuse and manipulation within our markets and how best to combat these undesirable threats . Since entering the trading arena in 1982 I have witnessed a number of abuses BUT have always believed that exchanges have monitored a fair and orderly market place ;however I now struggle to accept this especially with E...

09 April 2015 /regulation

regulators finally begin to outpace physicists in race to catch market manipulators !

ESMA want HFT venues to syncronize their clocks to within a nano second to help exchange supervisors track market abuses . This is a proirity to link the time stamp acknowledging an order after receiving a trade request ; ie gateway to gateway latency and time . This ability of HFT to process orders faster than rivals using techno

19 March 2015

HAS HIGH SPEED PINGING FINALLY BEEN CAPTURED ?

HAS HIGH SPEED PINGING FINALLY FOUND A CATEGORY IN MARKET ABUSE ? HFT has tip toed through the market abuse field for years BUT now looks finally to have been captured . Under the COMMODITY EXCHANGE ACT (ECA) and the prohobition of spoofing ; "bidding or offering wth the intent to cancel before execution " has placed their 90% cancellat

19 February 2015 /regulation

2015 exchanges regulate !!!!!!!!

2015 Exchanges attempt to end disruptive trading Multiple exchanges after a decade of denial are now addressing illegal manipulative trading on their markets !These disruptive practices ; "spoofing ; flipping ; crossing ;washing and layering " have been brushed under the supervisors carpet since 2004 . Certain STIR contracts daily have h...

02 January 2015 /regulation

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