On today’s show I speak with Jay Biondo on how Trading Technologies has tackled spoofing in their platform. The tools and software they provide in order to give you a warning if you’re order patterns are similar to other spoofing incidents. It provides a score that let’s you know how mathematically similar your orders are to other spoofing activities. As a trader it’s important how you implement your strategy based upon the rules of exchanges and the CFTC. Manual traders can be under special scrutiny these days, because of how hard it can be to explain the reason for the cancelation of a trade, and how you actually intended to get filled. Why today’s markets are way more fair for the common trader than ever, the main thing missing is education on this subject. We’ll discuss CME rule 575 on flipping and spoofing in general and nuances about the rules for traders who are scalping.
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Futures Radio is a weekly talk show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony talks with traders, CEOs, and other proven market participants about relevant trading and investing information. Past Performance is not indicative of future results.