Thompson Coburn: Was that trader really ‘spoofing’? Focus on the words, not the regulator claims

Elise Fleischaker Industry News


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.