Two more documents – 2020 draws to a close
ESMA has recently issued two further documents of interest to the energy and commodities markets. These are: Consultation paper on Algorithmic trading under MIFID II (here) - The relevant part…
Anti abuse case updates – Oil market crash and insider trading
The CFTC has published this report which investigates the oil price "crash" that occurred in April, that sent prices down to negative levels (see here). This article on Bloomberg reports…
FCA makes Brexit related announcements including new EMIR details
Last week, following the granting of powers under “Temporary Transitional Power (TTP)” the UK's Financial Conduct Authority (FCA) published this notice highlighting details around changes in regulation, that will come…
US spoofing fines, settlements and verdicts, UK message deletion case returns not guilty verdict
Several cases around spoofing in the US have moved forward as well as one in the UK: The case against JP Morgan reported last week for spoofing in precious metals…
JP Morgan set to pay $1bn for spoofing
See here for an article on Bloomberg which reports that JP Morgan are set to pay about $1bn to settle the matter of spoofing accusations that have been in the…
German market abuse case continues, US trial for spoofing, FCA MarketWatch on “tip offs”, FIA document
There has been recent movement on several cases previously reported in the past days: In Germany, the National Regulatory Authority Bundesnetzagentur has reported here that the investigation into irregularities in…
SSE fined £2M for breach of REMIT Article 4
Ofgem, the National Regulatory Authority for Great Britain, has made this announcement publicising a fine levied on SSE Generation Limited for a breach of REMIT Article 4, the part of…
Articles and papers about market manipulation and surveillance
There have been several articles and papers published in recent days around market manipulation and surveillance, which may be of interest to readers: Energy spot markets - Equias has published…
Large settlement in US precious metals spoofing case and more
On Wednesday it was announced that the CFTC has agreed with the Bank of Nova Scotia that they pay $127.4 million to settle allegations of market manipulation in precious metals…
Alleged manipulation around negative oil price
Last week, allegations started to emerge of market manipulation around the negative oil price seen a few weeks ago. The story found here on Bloomberg talks about unusual profits gained…