Article Summary:

Here is a collection of Forex News Updates, Other Forex Trading System Resources and Information.HFT Firm Faces Charges For Causing “Oil Trading Mayhem”
Could the tide finally be turning on the high frequency churners-cum-manipulators? In an exclusive report, Reuters informs that “a big high-frequency trading firm faces possible civil charges by regulators


Article Content:
HFT Firm Faces Charges For Causing “Oil Trading Mayhem”
Could the tide finally be turning on the high frequency churners-cum-manipulators? In an exclusive report, Reuters informs that “a big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied surge in oil prices in February, according to documents obtained by Reuters and sources familiar with the continuing investigation.” The firm in question is Infinium Capital Management, which confirmed that it is the company at the center of a six-month probe by CME Group Inc into why its brand new trading program malfunctioned and racked up a million-dollar loss in about a second, just before markets closed on February 3. And yes, once all is said and done, it will be precisely this kind of algos gone wild that are found to have caused the much more devastating move on May 6, as we have been claiming all alone, and which the HFT lobby has been fighting tooth and nail to bury under the rug.


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