Commodity firms aim to tighten up on spoofing
Citigroup fine and CFTC comments put market on alert
Citigroup was fined $25 million for spoofing by the US Commodity Futures Trading Commission (CFTC) in January. Since then, the commission has made it clear it will be monitoring markets carefully for further instances of manipulation.
Lawyers, and technology firms that create software to detect instances of spoofing for commodities market participants, have subsequently witnessed a surge of inquiries into what they can do to detect and mitigate actions considered to be violations of the CFTC’s
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