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CME suspends trader for engaging in disruptive FX trading practices
International derivatives marketplace CME Group has published a notice of disciplinary action against Xin Liu. The Chief Regulatory Officer of the CME Group’s Designated Contract Markets charged Xin Liu with violations of CME Rules 575.A., 575.B., and 432.L.1. based on allegations that on one or more occasions from March 17, 2021, through August 13, 2021, Liu entered or caused to be entered an order with the intent, at the time of order entry, to cancel the order before execution or to modify the order to avoid execution, and entered or caused to be entered an actionable or non-actionable message or messages with ... (full story)