BTMU admits spoofing in US case

By GlobalCapital
08 Aug 2017

The US Commodity Futures Trading Commission (CFTC) has reached a settlement with Bank of Tokyo-Mitsubishi UFJ (BTMU) after the bank admitted that one of its traders was spoofing the US Treasury and Eurodollar futures market.

BTMU has been fined $600,000 for the offences that occurred between July 2009 and March 2014 when one trader conducted the spoofing activity.

The CFTC explained that once BTMU had become aware that the unnamed trader was conducting spoofing activity it suspended the trader's employment and reported the matter ...

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