It Seems The CME Is Still Rigged
Two weeks ago, as we noted here, the CME unveiled Rule 575 – designed to put an end to ‘disrputive trading practices’ or “rigging.” Today is the first day Rule 575 is unleashed to stop “spoofing,” “quote stuffing practices,” and the “disorderly execution of transactions.” So, as Nanex notes, why is the CME still allowing major quote-stuffing?
Each bubble represents the relative number of quotes-per-second… and it appears, despite Rule 575, that CME is still allowing quote-stuffing and spoofing.
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