UK trader arrested for May 2010 U.S. Stock market flash crash

[syswizard]

CME Statement Says Flash Crash Not Caused by Futures

The CME Group is so full of $hit it's not even funny.
They should be investigated instead of Nav.
They know damn well about all of the spoofing and yet they do not modify their order and matching engine to reduce or eliminate it ?
Terrible. This is what happens when you get too big.
If I were the CFTC, I would move to split-up the CME Group to encourage more competition.

 

[syswizard]

In the past there was a guy on ET, MBAgearhead or something, who posted big up days like +50k in the ES.

Omigosh, MBAGearHead was just so erratic....and he kept losing money....year after year.
It was painful to follow his blog. He seems to be constantly changing his "system".
Look at his 2014 equity curve - down $20k !! How can he pay his bills ?
http://3.bp.blogspot.com/-1sw8VmG3G2w/VKQmh5M3x2I/AAAAAAAACpM/Kod5ekZ_iSo/s1600/Equity2014.png

 

[Ditch]

Omigosh, MBAGearHead was just so erratic....and he kept losing money....year after year.
It was painful to follow his blog. He seems to be constantly changing his "system".
Look at his 2014 equity curve - down $20k !! How can he pay his bills ?
http://3.bp.blogspot.com/-1sw8VmG3G2w/VKQmh5M3x2I/AAAAAAAACpM/Kod5ekZ_iSo/s1600/Equity2014.png

For a while he really killed it in 2007, must have been a lucky streak. He disappeared quietly from ET. I didn't know he has a blog now.

 

[Ditch]

The CME Group is so full of $hit it's not even funny.
They should be investigated instead of Nav.
They know damn well about all of the spoofing and yet they do not modify their order and matching engine to reduce or eliminate it ?
Terrible. This is what happens when you get too big.
If I were the CFTC, I would move to split-up the CME Group to encourage more competition.

The CME sure is to blaim for negligence, but the root of their apathy is big money profiting from it. If they didn't, the CME and other exchanges would have tackled spoofing and frontrunning a long time ago. You can't count on politicians to do anything about it, they don't have the slightest grasp of what is going on. Look at Merkel's dumb proposal for a trading tax!

 

[londonkid]

I wonder what is happening with this case against the cme.

http://mobile.reuters.com/article/idUSBREA3D16Z20140414


http://www.prweb.net/Redirect.aspx?...vZG9jdW1lbnRzL0hGVC1CcmFtYW4tZmlsZWQtLnBkZg==

 

[londonkid]

interesting to note the following links between large HFT firms and CME

Virtu Trading Director John Sandner is board member and ex chairman of CME

http://ir.virtu.com/directors.cfm
http://investor.cmegroup.com/investor-relations/directors.cfm

Jump Trading - William Shephard CME board member owns a stake in Jump Trading.

http://www.bloomberg.com/news/artic...dy-about-this-story-on-hft-power-jump-trading
http://investor.cmegroup.com/investor-relations/directors.cfm

Citadel - worked on joint venture with CME for central clearing house for CDS.

http://www.chicagobusiness.com/article/20081129/ISSUE01/100031032/griffin-cme-ready-for-swaps

Hudson River Trading - Adam Nunes business development is VP of U.S. options at Nasdaq OMX with responsibility for both the Nasdaq Options Market and Nasdaq OMX PHLX

http://www.wallstreetandtech.com/tr...anges-and-bulge-bracket-firms/d/d-id/1262538?

 

[i am nobody]

interesting to note the following links between large HFT firms and CME

Virtu Trading Director John Sandner is board member and ex chairman of CME

http://ir.virtu.com/directors.cfm
http://investor.cmegroup.com/investor-relations/directors.cfm

Jump Trading - William Shephard CME board member owns a stake in Jump Trading.

http://www.bloomberg.com/news/artic...dy-about-this-story-on-hft-power-jump-trading
http://investor.cmegroup.com/investor-relations/directors.cfm

Citadel - worked on joint venture with CME for central clearing house for CDS.

http://www.chicagobusiness.com/article/20081129/ISSUE01/100031032/griffin-cme-ready-for-swaps

Hudson River Trading - Adam Nunes business development is VP of U.S. options at Nasdaq OMX with responsibility for both the Nasdaq Options Market and Nasdaq OMX PHLX

http://www.wallstreetandtech.com/tr...anges-and-bulge-bracket-firms/d/d-id/1262538?

Maybe American Justice should examine these things as a conflict of interests.

 

[dealmaker]

Maybe American Justice should examine these things as a conflict of interests.

You are too optimistic....

 

[Ditch]

interesting to note the following links between large HFT firms and CME

Virtu Trading Director John Sandner is board member and ex chairman of CME

http://ir.virtu.com/directors.cfm
http://investor.cmegroup.com/investor-relations/directors.cfm

Jump Trading - William Shephard CME board member owns a stake in Jump Trading.

http://www.bloomberg.com/news/artic...dy-about-this-story-on-hft-power-jump-trading
http://investor.cmegroup.com/investor-relations/directors.cfm

Citadel - worked on joint venture with CME for central clearing house for CDS.

http://www.chicagobusiness.com/article/20081129/ISSUE01/100031032/griffin-cme-ready-for-swaps

Hudson River Trading - Adam Nunes business development is VP of U.S. options at Nasdaq OMX with responsibility for both the Nasdaq Options Market and Nasdaq OMX PHLX

http://www.wallstreetandtech.com/tr...anges-and-bulge-bracket-firms/d/d-id/1262538?

Did you dig this up yourself?

 

[londonkid]

Did you dig this up yourself?

maybe. maybe not . all links in the public domain.