Apr 23/15 - The Keyser Soze of futures villains
A couple of days ago, a futures trader from London, England was arrested for manipulating the E-mini S&P 500 contract. It made big headlines because the CFTC claimed the trader’s actions directly contributed to the 2010 “flash crash.” In the charging documents, the CFTC asserted:
In addition to the Layering Algorithm, Defendants aggressively utilized the…