The spate of anti abuse activity has continued since our last post (see here).
The CFTC has settled with Lansing Trade Group LLC for $3.4 million, in a physical-financial manipulation case in agricultural trading. The CFTC press release can be found here and the order here. This is another example of the use of physical contracts and positions to manipulate financial prices. There have been several examples of this practice being fined for in the past in different commodities.
The CFTC has also been focusing on spoofing cases. This article by Jay Biondo of Trading technologies on the Tabb Forum looks at this trend and the legal basis behind it. In a related topic, this article, also on the Tabb Forum, by Michael Friedman of Trillium, looks at the challenges of surveillance of crypto trading for spoofing.
The topic of anti abuse activity, and cases, will likely continue over the coming months.