I have been trading financial markets for 25 years, on almost every large future markets.

You’ve been trading financial markets for 25 years and don’t know that spoofing is illegal? Come on now.

Today, the US Commodity Futures Trading Commission (CFTC) has brought a successful case against two parties, citing them for engaging in what the CFTC considers to be the disruptive process of spoofing. This is a milestone case, as it represents the first time that a trading firm has been prosecuted under the Dodd-Frank Act’s prohibition of spoofing, which is defined under the act as the illegal practice of bidding or offering with intent to cancel before execution.


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