$2m settlement for position limit breach, wash trades and incorrect submission in the US

The CFTC has settled with Glencore Agriculture B.V. and Glencore Ltd $2 million for breaches of position limits in ICE cotton futures contracts, executed trades which are construed as wash trades, and making incorrect submissions. The CFTC press release can be found here and the order here. Glencore are alleged to have broken position limits … Continue reading → Source: Energy Trading Regulation – m settlement for position limit breach, wash trades and incorrect submission in the US

Continue reading $2m settlement for position limit breach, wash trades and incorrect submission in the US. This article appeared first on CTRM Center.

Source: CTRM Center

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