yes but also tooo big to fail. if the exchane really banend them then the exchange would get it's volumes hurt and one of the big banks would start a competitive exchange. better to FINE LIGHTLY so it is just a cost of doing business like a drug dealer who puts money on the side for a lawyer. ALL very good points.. so really a retail day trader needs to understand going into it that there are hundreds of factors stacked against them and it isn't just understanding or picking the correct direction of the market. one had to execute in and out at very unfavorabel prices and then once you make a move.. everyone with big money knows who yu are and what you are doing so they gun for you to spook you out. and then the move presumes.. I Can throw a 1 lot mkt order into a move and the algos pause and say..wtf is this retail doing right now.. it literally thinks something weird is afoot and cahgnes it's direction moentatrilyOh yeah, they’ve been going after banks and prop firms HARD. One big bank a couple years ago paid a big fine and was told if they did it again they’d be banned from the CME. (Which is huge because every customer they have and broker trades for uses CME products)
Geneva Trading, which is a Chicago Prop Firm, was fined $1.5M and told if they did it again they’d be banned.
Deutsche Bank, UBS, Bank of Nova Scotia - they’ve all been pinched.
https://www.justice.gov/opa/pr/form...lty-commodities-fraud-and-spoofing-conspiracy
https://www.cftc.gov/PressRoom/PressReleases/7818-18
https://www.chicagobusiness.com/finance-banking/chicago-trading-firm-fined-15-million-spoofing
https://www.google.com/amp/s/www.ch...poofing-plea-0603-biz-20170601-story,amp.html
