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Tag Archives: market manipulation

New Deutsche Boerse chief; Bank bond-rigging case; Americans don’t know why they buy Bitcoin John Lothian Newsletter,Newsletter

First Read WILD Women Make Sound Investment Decisions; Women will have $22 trillion of investing wealth by 2020 By Sarah Rudolph – JLN Managing Editor Now that women actually have their own money, they – like men – need to know how to make it grow with savings and investments. Women are projected to have $22 trillion of the investing wealth by the year 2020 – they had better know what to do with it. Women in Listed Derivatives (WILD), which has become well known for its efforts in the advancement of women in the financial industry, brought together another…

Newest Criminal Spoofing Case Features Coordinated Spoofing and Front Running Blog,Commentary,Feature

The following is a guest post by Renato Mariotti, a former federal prosecutor and partner at Thompson Coburn LLP.   On last Thursday, June 1st, the Justice Department entered into a plea agreement with a trader named David Liew, publicly revealing the existence of the third-ever criminal spoofing case, which had been filed under seal on January 3rd. In the plea agreement, Liew admitted that from December 2009 to February 2012 he conspired with other precious metal traders to engage in spoofing on hundreds of occasions and to commit fraud by misleading other market participants via his spoof trades.  Liew’s…

Who trades options the most? Millennial investors; EU’s Market Rules Revamp May Be Slower Than Traders Fear; Suspicion of VIX manipulation Newsletter,Options

Observations & Insight Hurdling Options Obstacles: OptionsPlay Finds Advisors Need as Much Help as Retail Investors Spencer Doar – JLN When trading options, the options chain is both an advertisement and entry point for the retail investor. But for an options novice, a chart of prices for puts and calls is not the most clear or engaging means of joining the fray. Founded in 2012, OptionsPlay has some 70,000 users and aims to remove the clutter and noise from trading options with straightforward explanations, strategy visualizations, strategy recommendations and technical data and analysis. What founder Mark Engelhardt and crew didn’t…

Manipulation in the VIX?; Options Suggest Traders Overconfident About Inflation Forecasts; Opec – Brent crude options volatility eases ahead of OPEC decision Newsletter,Options

Observations & Insight MIAX Options: Consolidated Audit Trail (“CAT”) Fee Dispute Resolution Rule Mondovisione MIAX Options filed with the Securities and Exchange Commission a rule filing to adopt MIAX Options Rule 1713 that will establish the procedures for resolving potential disputes related to fees to be charged to Industry Members related to the National Market Plan Governing the Consolidated Audit Trail. jlne.ws/2rU7pmX ++++++ The CAT Scratches: Fees on Options Exchanges Spencer Doar – JLN Seeing the above MIAX press release got me thinking about these Consolidated Audit Trail (CAT) fees and why there would be reason for dispute. Please note,…

Context for Compliance: The Big (Bad) Behavior Picture Fintech,Video,video

Analyzing all the trading data out there is difficult, especially for regulatory purposes. Compliance officers have to take the big picture into account when examining data for bad behavior in the markets. Jim Austin, the CEO of Vertex Analytics, Inc., announced that it was National Bring Your Daughters and Sons to Work Day during his FinTech Exchange Conference presentation, and put some children to work on stage to demonstrate the evolution from pit to screen trading and the importance of compliance officers. “Everyone knows the floor is not there anymore,” Austin said. “But all that was tracked back then was…

Karen Wuertz, National Futures Association – Opportunity Behind Many Doors Blog,Feature,MarketsWiki Education,MWEd,Mwiki,video

“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.” The futures markets are about two things — price discovery and risk transfer. But all businesses that attract capital also attract a small number of less-than-scrupulous participants, or “bad apples,” as Karen Wuertz, SVP of strategic planning and communications at the National Futures Association calls them in this MarketsWiki Education, Chicago 2016 presentation. Wuertz says the NFA, in its continuing mission to ensure market integrity and protect customers, is always on the lookout both for irregular market behavior and…

One Step Ahead: Can Silicon Valley Help, Compliance? Blog

If you are chief compliance officer at a firm – brokerage or fund – what if you could tell if the customer or one of your traders was about to do something bad, wrong or illegal? The operative words are “about to.” Chicago-based start-up Neurensic says its can do this now using artificial intelligence technology to identify behaviors that could threaten a firm’s well-being and prevent that firm, bank or broker from incurring regulatory actions that trigger hefty fines. Last fiscal year, the Commodity Futures Trading Commission reported a record $3.14 billion in civil monetary penalties with a focus on…

John Lothian Newsletter: Manipulation or Brilliant Trade? The Curious Case of Don Wilson; Deutsche Boerse reshuffles Eurex leadership; A reason for the ‘Fear Gauge’ to be afraid? John Lothian Newsletter,Newsletter

First Read “You can always tell the pioneers by the arrows in their back” Carl Gilmore, President, Integritas Financial Consulting That venerable quote, originally anonymous, was mentioned by our own John Lothian at the Executive Club of Chicago breakfast yesterday featuring CME Group CEO Phupinder Gill. John did a great job as mediator, which by the way, was his first time speaking publicly since his surgery. Gill also did a great job. He was realistic and in tune with the fact that change will come and the future of our industry is all about technology. A very refreshing stance as…

John Lothian Newsletter: NYSE Plan Would Revamp Trading; Dark Pools in Spotlight as Europe Moves to Fortify Market; BGC Boosts Takeover Offer 3.8% for Interdealer Broker GFI John Lothian Newsletter,Newsletter

First Read SEFCON Snapshot 2014, Part II: Cross-Border Issues JohnLothianNews.com The WMBA Americas hosted SEFCON V on November 12, 2014, and John Lothian News was there. We interviewed 14 SEF operators, regulators and participants and put together this three part series on the state of SEFs one year into the mandate. Part II looks at the differences between U.S. SEF rules and those of other jurisdictions. The conference featured a panel on cross-border issues, moderated by ISDA CEO and former CFTC Commissioner Scott O’Malia, and also a keynote address by current CFTC Chairman Tim Massad. Watch the video » ++++…