Recent market manipulation cases (for example see here) have continued the trend of an increased focus on anti abuse activity on the part of regulators. Earlier this year, the UK’s FCA issued a business plan (see here) which included a further focus on anti abuse activity under MAR. The FCA uses data collected under MiFID II for surveillance. This article on Finextra by Priya Raj of Sensiple Inc looks at the mechanisms used for collection and the rules under which they are collected. Some of these rules will not apply to energy and commodity traders using a MiFID II exemption.
In the US, enforcements continue (for example see this disciplinary notice issued by the CME recently). However, some recent high profile cases have been successfully defended, as reported in this article on the Chicago Business web site.
Never the less, the trend to improve anti abuse facilities, and surveillance systems, continues in Europe. The trend will be discussed next week at the “ComRisk” conference, which takes place in London on the 21st and 22nd May. The “surveillance” panel is at 12.10 on the 22nd (see here).