40 Results
Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS
This round of buying was caused by the spike in Bund yields which popped to come within a whisker of the 1% level as the bond rout in European fixed income markets continued. Yesterday, during the ECB presser, President Draghi noted that fixed income markets could become much more volatile given the very low yield levels. This is perhaps the unin...
08 June 2015 /regulation /wholesale
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
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
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
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
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 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 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
Perhaps now the supporters of "dark pools " and HFT at exchanges can retreat to where they belong .......... out of the market place ! In yesterday’s complaint, filed in New York state Supreme Court in new york, Schneiderman describes how closely Barclays worked with high-frequency trading firms even as it was telling other clients that i...
26 June 2014
Where has the market abuse / manipulation gone to? Has "flash boys " provided the catalyst to regulators and exchanges to rid us of market abuse and manipulation ? It has not gone unnoticed that since April 1st our markets have finally decided to act on a decade of ignoring blatant abuses in our exchanges . I have been a fierce cr...
19 June 2014
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