Financial markets today have a plethora of fundamental problems and instabilities magnified by intentionally opaque disclosure and liquidity juiced, over-valuations. And on a technical note, HFT has turned fund flows into a freak show of farce, fraud and fantasy. (“But other than that Mrs. Lincoln…how did you enjoy the play?)”
Bart Chilton, a commissioner at the U.S. Commodity Futures Trading Commission, talks about wash trades, in which a party buys a contract from itself, and CME Group Inc.’s plan to block these transactions.Here is a direct link.
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