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Sunday, November 30, 2014

[text] CME Fines Trader $150,000 For Spoofing Orders in Oil, Gold, and Silver Markets



InformedTrades http://www.informedtrades.com/1880417-%5Btext%5D-cme-fines-trader-%24150-000-spoofing-orders-oil-gold-silver-markets.html
http://www.bloomberg.com/news/2014-1...ipulation.html



"CME said Oystacher posted orders for futures contracts on crude oil, silver, gold and copper that he didn’t intend to execute, a practice sometimes referred to as spoofing that CME and other markets prohibit because such trades could be used to manipulate prices. The alleged violations in oil occurred from December 2010 to July 2011, while the other trades took place from May 2011 to July 2011, according to CME."


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