CFTC’s ‘Flash Crash Trader’ Case Hits Home

FTF

FTF News covers the recent arrest of a future’s trader who is believed to have played a role in the ‘Flash Crash’ of May 2010, and what it means for market surveillance in the industry. Nick Fera, Firm58’s CEO, unpacks the patterns that firms need to be able to pick up on in order to remain compliant in today’s market. Read more here (login required).

“As high frequency trading increases, the risk of this kind of widespread market impact increases if exchanges and broker dealers don’t take it upon themselves to monitor everything from cost structures and regulatory fees to orders and bids,” Fera says.