I thought I was clever enough to not get caught
Elise Fleischaker
Since November 2015, our machine learning tool for detecting spoofing and market manipulation has been getting a lot of buzz. The company has a record of detecting market manipulation in listed derivatives based upon high profile cases. We put together an Artificial Intelligence (AI) tool that allowed compliance officers to quickly detect who was manipulating the markets and why. But computers don't really trade - they are programmed, just like our trade surveillance tool. Surely these computer programs looking at
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Probe
CCOs at Brokers Require Probing Data Science
Elise Fleischaker
My first direct contact with compliance was confrontational. The team had just developed our first internet trading screens and we were excited to deploy them at some beta futures brokers. It was going to be the first time a retail person could actually trade the CME markets. A compliance person demanded that we identify the actual computer that a person was trading from so he could “go to that location and shut it down if needed.” Today that sounds crazy.
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