The CFTC yesterday announced that a UK based trader has been fined $150,000 and banned from trading for a year for spoofing WTI futures on NYMEX. The trader carried out the activity from mid December 2021 to mid January 2022 by placing iceberg orders on one side of the book and large “spoof” orders on the other, later cancelling the spoof orders. The order can be found here.
Spoofing fine levied on UK trader by CFTC
- Post author:Aviv
- Post published:August 2, 2023
- Post category:Dodd Frank / MAR / REMIT
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