Scott O’Malia, a member of the Commodity Futures Trading Commission, said in a recent speech that the commission lacks the technology necessary to effectively track communications between traders and futures exchanges operated by CME Group Inc. and IntercontinentalExchange Group Inc., where a bulk of the world’s oil and natural gas contracts are bought and sold.… Keep reading →
A high frequency energy trading firm is being charged by federal regulators Monday with manipulating markets through “spoofing,” an increasingly frequent scheme in which false bids are submitted and then pulled back, the Commodities Futures Trading Commission said. The civil action against Panther Energy Trading of Red Bank, N.J., and owner Michael J. Coscia, is… Keep reading →
