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More anti abuse activity

In addition to the REMIT fines announced last week (see here) and the week before (see here) there has been other anti abuse activity this year:

In the US, this article on Lexology by Shearman &Sterling LLP describes a further action in the issues around wheat futures manipulation, which started in the middle of last year (see here). The full ruling is here.

Also in the US, this article on Lexology by Katten Muchin Rosenman LLP looks at a series of violations on the CME involving wash trading, disruptive trading and position limits breaches.

In China, the Dalian Commodities Exchange announced here that they had opened 116 investigations in Q4 into “abnormal activity”.

In Switzerland, FINMA has fined a CEO 730,000 Swiss Francs for insider trading and banned them from certain activities. The matter is described here on the Swiss Info web site.

The year has started with several anti abuse cases worldwide, continuing the trend of last year. It is likely that more such cases will be announced in the coming months.



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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