Two traders formerly of Deutsche Bank have been indicted by a court in the US for “spoofing” in metals futures, according to this article on the Reuters web site. The case relates to orders placed on the CME Comex exchange in gold, silver, platinum and palladium futures. The complaint document from the CFTC can be found here.
This follows a large fine of an agricultural trader announced last week (see here) and the acquittal of a trader in a similar “metals futures spoofing” case a few weeks ago (see here). The trend for such cases across different commodities therefore continues.