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Crypto, MAR

Crypto spoofing and other anti abuse news

The fight against market abuse continues with reports that the CFTC and US Justice Department is investigating alleged market manipulation in crypto currencies. The case is reported here on Bloomberg amongst other places.

A suit by a group of investors seeking damages from Total Gas & Power North America, Inc., Total S.A., and Total Gas & Power Limited for allegedly manipulating North American natural gas markets has been dismissed, according to this article on the Troutman Sanders web site. The case relates to alleged activity settled in 2015, of index manipulation. Those who brought the suit claimed that they suffered indirect damages from the alleged activity.

Also in the US, the CME has issued a fine to a company for misuse of trader IDs on  Nymex. The notice can be found here.

In Europe, this article on Lexology by Sharon Grennan of Freshfields Bruckhaus Deringer LLP looks at the FCA’s recent business plan, which includes a focus this and next year on ensuring that the Market Abuse Regulation is effective.


About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.


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