CFTC, Oystacher Said to Be in Spoofing Case Settlement Talks
Neurensic
As reported on Bloomberg by Matthew Leising and Janan Hanna The U.S. Commodity Futures Trading Commission is trying to settle its market-manipulation case against Igor Oystacher and his Chicago firm 3Red Trading LLC. Lawyers on Tuesday persuaded U.S. District Judge Amy St. Eve to allow two more weeks for those discussions, according to the people familiar with the matter who asked not to be named because they weren’t authorized to speak publicly. No agreement has been reached and the talks could still break
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Inside Job Neurensic data scientist rocks out in a ‘lounge’ above Board of Trade
Neurensic
Source: Chicago Tribune on October 3, 2016 What's it really like to work at Chicago startups and tech companies? Blue Sky's Inside Job lets people on the ground tell us in their own words. Carolyn Phillips, 39, Lead Data Scientist at Neurensic Neurensic uses machine learning — advanced mathematical techniques — to detect when traders are doing fraudulent, manipulative things in the financial markets. We started in 2015. We have about 25 people. There are four of us on the data-science
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Jay Biondo Director of Surveillance Products Design
Compliance must get ready for tougher Indian high-frequency trading rules
Neurensic
Neurensic's Jay Biondo weighs in on HFT and speed bumps at exchanges.   "Compliance and legal staff will have to stay abreast of emerging regulations and actively educate their employers about the shifting landscape to ensure that sufficient resources are dedicated to building a robust supervisory program. However, the introduction of 'speed bumps' may likely have little to no impact on the supervisory responsibilities of compliance and legal staff," said Jay Biondo, director of surveillance products design at Neurensic in
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Thompson Coburn: Was that trader really ‘spoofing’? Focus on the words, not the regulator claims
Neurensic
Kent Knickmeyer, Richard Reibman published and article worth reading taking a look at spoofing. They specifically try to answer the following question: Can trading pursuant to an algorithmic program properly be found to constitute “spoofing” in violation of CEA Section 4c(a)(5)(C): What constitutes “the intent to cancel the bid or offer before execution”? They focus specifically on understanding "The intent to cancel." Read the full article on JDSupra Business Advisor.   
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Chicago based FCM and its officers fined: Supervision & Risk Issues
Jerry Leterman
CFTC Press Release PR7449-16 CFTC Orders Chicago-based Advantage Futures LLC, its CEO Joseph Guinan, and Former Chief Risk Officer William Steele Jointly to Pay a $1.5 Million Civil Monetary Penalty for Supervision, Risk Management Failures, and Making Inaccurate Statements in Required Filings with the CFTC Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Advantage Futures LLC (Advantage), a Chicago-based Futures Commission Merchant (FCM), for failing to diligently supervise
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SEC Charges Hedge Fund Manager Leon Cooperman With Insider Trading
Jerry Leterman
2016-189 Washington D.C., Sept. 21, 2016 —  The Securities and Exchange Commission today charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors with insider trading based on material nonpublic information he learned in confidence from a corporate executive. The SEC alleges that Cooperman generated substantial illicit profits by purchasing securities in Atlas Pipeline Partners (APL) in advance of the sale of its natural gas processing facility in Elk City, Oklahoma.  Cooperman allegedly used his status as one
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Vanderbilt study debunks “phantom liquidity” problem caused by high-frequency traders
Neurensic
Contrary to popular belief, high-frequency traders help lower investor costs: @VanderbiltOwen study by Jesse A. Blocher the assistant professor of finance at Vanderbilt University’s Owen Graduate School of Management. This is a very interesting study into the claims that HFT create "phantom liquidity" and harm the markets for the average investor as originally written in Michael Lewis' book Flash Boys.  Some exerts: Phantom liquidity only can really be a problem if those who cannot get good execution find the price moving
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Neurensic Partners with Vine Street Trading to Provide Compliance and Surveillance Capabilities
Neurensic
CHICAGO, September 16, 2016 -- Neurensic, a fintech artificial intelligence (AI) startup, today announced that its CORE™ product has been selected by Vine Street Trading for its market surveillance and compliance capabilities. Vine Street Trading is a Chicago-based, principal trading group that has focused primarily on electronic futures markets throughout its 10 year existence. “We are proud to partner with an established market maker with complex futures trading strategies in Vine Street Trading,” said David Widerhorn, founder and CEO of
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Plug and Play Announces Second Batch of New Materials and Packaging Platform
Neurensic
Twelve best-in-breed startups chosen to expedite breakthroughs in materials technology SUNNYVALE, Calif., Aug. 23, 2016 /PRNewswire/ -- Plug and Play announces its second batch of breakthrough materials and packaging startups aiming to disrupt a trillion-dollar industry. By uniting major industry players from resin suppliers, transformers, retailers and CPGs, Plug and Play is accelerating the implementation of innovation across the entire value chain. For a complete list of our New Materials & Packaging Partners, visit http://plugandplaytechcenter.com/corporations/new-materials-packaging/. Susan MacKay, CEO of Cerahelix, explains
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Plug and Play Fintech Unveils the Startups Accepted for its Fourth Batch of the Program
Neurensic
SUNNYVALE, Calif., Aug. 22, 2016 /PRNewswire/ -- Twenty-four startups have been selected for the fourth batch of Plug and Play Fintech. The selected companies will be a part of the twelve-week accelerator program designed for financial technology startups. During this time, startups will gain access to Plug and Play's extensive network of top banks and financial institutions that have been specifically curated to work with them through this platform. Partners of the program include Deloitte, Bank of the West, BanRegio, BNP
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