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Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

front running exchanges !

front running exchanges why do exchanges allow "front running " ? HFT and Algos have suffered the wrath of loss volumes over recent years but is the main culprits our exchanges ? One of the main reasons why "open outcry " was eventually moved to screen trading was that it could not prevent front running orders ; this was mai...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

accepting market manipulation

sadly at last the Bank of england have accepted that manipulation and market abuse has played a significant part in our markets . Sadly the market supervision departments at regulators and exchanges failed in providing "fair and orderly markets " . BUT WHY ? They were told by many trading establishments of manipu...

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

Mr Regulator and master regulator

ARE EXCHANGES BEYOND RELEGATION 2013 saw regulators flex their muscles and issue huge fines to punish traders for manipulation and abuse in our markets. The majority of these fines were for offences committed 4/5 years ago and I believe could of been avoided. These offences were reported to the relevant exchanges but were ignored by exchange regul...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

NASDAQ omx volume breaks 100000

Nasdaq omx has arrived as its daily volume hits a new milestone . Despite 50% still yet to be enabled to trade this exchange their volumes and more importantly open interest grows ............... Should alarm bells be ringing at EUREX and LIFFE ? I say so ! The introduction of FIFO in the STIRS contracts has been a great cataylst to their succ...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

code of silence broken !

code of silence broken CITI , RBS . BZW . UBS . GSF . ICAP . RABOBANK cartel traders guilty of persistent market abuse . I struggle to find confidence in our markets when yet again senior players are found guilty of manipulating and abusing our exchanges . The markets have griped for years about market abuse ; layering crossing ; spoofing etc

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

crumbs of comfort ..............

Finally the "libor manipulation " saga draws to a conclusion and the guilty parties are being punished by the regulators after 6 years of abuse ....... The only crumbs of comfort being offered to the counter parties of these abusive trades are that dispite losing out on P&L we can at least accept we were right and hone...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

blind regulation .......... or uneducated

Recent rumors have shown some companies have been allowed to both see and trade before officially numbers have been announced . They attempt to justify that these figures were given out in the public domain ? I struggle to see why the regulators do not act as this accounts to serious front running and simple to catch . Time and sales on their t...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

dark and dreary pools

Topic : Investment banks and financial institutions use hidden liquidity to transact 70% of global equities business. How do these dark pools of liquidity work, why are they needed and what impact do they have on the 30% of the market we can see? Presenter : David Norman Date of presentation : 15th February 2013 ‘Dark pools, or dark liquidity pools...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

Where have all the Libor fines gone?

Since regulators have issued £££ millions of fines to our guilty libor traders I have struggled to find where these monies finish up ? The reason behind this quandary is simple ; because FSA 2012 budget was only £126 million , i was hoping the majority of these fines would of been released back to the regulator to catch more ...

/regulation

Neil Crammond

Neil Crammond risk education & real time market abuse at DIVENTO FINANCIALS

regulators pockets

since exchanges reduce their regulation budget and expected companies to self regulate we have witnessed a huge increase in "market abuse " and manipulation ; I feel the time has come to have independent regulators who are there for the good of the market rather than the share price . aka 1997 .

/regulation

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