Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
It must be election year in Europe as the "tobin Tax " has yet again appeared on our radars ? James Tobin in the early seventies tried in vain to introduce this idea and most governments since have attempted to implement it as seeing the £££££$$$$ falling into their laps , luckily poiliticans are not businessmen/women . Back in 201...
08 March 2019 /regulation
Blockchain has managed to survive 2018 and one cannot help wondering if regulators could of helped establish more confidence in this new currency provider ? Initial coin offerings (ICO) were hurried through without much thought to the market place with little or any governance which provided numerous scandals which sadly made the crypto market l...
10 December 2018 /regulation Blockchain Observations
One of the very few benefits of open outcry trading was the fact that traders could see everyone trading and the chances of rogue trading was easier to spot compared to today. Through a virtual pit traders can see all bids and offers and completed deals as all traders have to be identified , therefore visible to the market place ? This simple
23 November 2018 /regulation Operational Risk Management
Recent studies of several exchanges contracts suggest market abuse and manipulation is still in operation . Exchanges have always needed market makers to provide liquidity and volume especially with new contracts ,(crypto currency ),however we have recently seen several exchanges now beginning to employ their own . The question needs asking ? Do th...
01 November 2018 /regulation
Last week I was asked who is in charge ? Massive fines but sadly no order of command ! Recently exchanges have been seeking more autonomy , greater profitability and therefore greater power ................. THEY have now stated that "only exchanges should be voting members in committees !" The last decade exchanges have moved ...
14 February 2016 /regulation
Navindar Sarao returns to court on thursday 4th February accused of triggering the May 6th 2010 flash crash . www.youtube.com/watch?v=H2flY-fTwfQ if you have time to look at above and perhaps you will realize that it was impossible for him to be guilty during this event . There were hardly any orders on the way down in the s&p's or later on t...
04 February 2016 /regulation
Trading exchanges by charging for data feeds have suddenly perched themselves above the radar and now serious questions need answering and perhaps addressing ? Recent years have questioned whether they have offered / given beneficial trading rights to certain members! Finally the gloves are coming off as their answers or lack of them are now be...
01 February 2016 /regulation
This week I read a research paper ; endorsed by Mark Spanbroek acting chairman of FIA . The paper states that the order cancellation ratios of !non HFT firms are "almost identical " to HFT firms . It states that as most trading is now "fast" , HFT orders are correct and its cancellation rate non harming either to liquidity o...
22 January 2016 /regulation
In 2016 we have to ask what working committee agreed to allowing "last look" trading tool to market makers and platform providers ? Sadly the more information received only shows how abused this tool has become and in real terms how destructive it has been to fair and orderly markets ! Our regulators have to shoulder some b
19 January 2016 /regulation
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
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