Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-r5fsc Total loading time: 0 Render date: 2024-11-23T15:29:05.208Z Has data issue: false hasContentIssue false

14 - Disruptive Trading Practices

Published online by Cambridge University Press:  02 October 2020

Gregory Scopino
Affiliation:
Georgetown University, Washington DC
Get access

Summary

The CEA and CFTC Regulations have several provisions that specifically prohibit several specific kinds of trading practices that are categorically considered disruptive or deceptive. Unlike the broad prohibitions against conduct that constitutes malleable and amorphous legal concepts such as fraud and manipulation, the antidisruptive practices proscriptions in the CEA are, generally speaking, more narrow because they explicitly target specific types of trading activities. While these improper disruptive trading practices originated on the crowded trading floors of futures exchanges, many of these tactics have continued to occur in electronic trading environments, such as on CME’s Globex. Indeed, electronic trading environments appear to facilitate some disruptive trading practices. These tactics have colorful names such as spoofing, wash trading, and banging (or marking) the close.

Type
Chapter
Information
Algo Bots and the Law
Technology, Automation, and the Regulation of Futures and Other Derivatives
, pp. 326 - 334
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×