"These Kinds Of Market-Rigging "Practices" Will No Longer Be Allowed On The CME"
Interesting development in the Futures Market, how long before it applies to Spot Forex as well? or would it be impossible to police.
If the Big Boys are no longer allowed to screw us and every one else, what happens to volumes? These "practices" are considered normal in all aspects of trading, if they are stopped universally would that not then kill the golden goose? Would Volatility and momentum become things of the past? Would the summer doldrums then be the norm?
http://www.zerohedge.com/news/2014-0...be-allowed-cme
This is an excerpt of the story from "Zerohedge"
"It has been an interesting week for the CME: first it was revealed a week ago that in order to "stimulate" the market, the CME is willing to pay central banks a liquidity rebate in order for the world's monetary authorities to "make markets" in the most important S&P 500 future, the E-Mini, confirming not only that central banks directly trade the S&P 500, but are incentivized to nudge it along the preferred central bank direction: up. Then last week, none other than the CME's own 10-K proved that something changed in 2013, when for the first time central banks officially became counted as clients of the biggest US derivative exchange.
Today, the CME's fall from efficient market grace accelerate when it advised the CFTC that the derivative market would be adopting a new Rule 575 to eliminate "Disruptive Practices Prohibited."
The good news: starting September 15, 2014 the CME will no longer tolerate what is affectionately calls "Disruptive market practices."
The bad news: the CME was not only tolerating and turning a blind eye toward such disruptive market practices until this point, in many cases it was compensating the "liquidity providing" perpetrators!
But what are these "disruptive" market practices? Nothing short of a who's-who lexicon of terms we introduced and discussed starting some time in late 2009 and 2010. From the CME:"
For those of you who do not understand how the Big Boys screw with us over here in Spot Forex read the rest of the article as it explains in detail how they do it to us! This applies equally to Spot Forex as it does to Futures.
Interesting development in the Futures Market, how long before it applies to Spot Forex as well? or would it be impossible to police.
If the Big Boys are no longer allowed to screw us and every one else, what happens to volumes? These "practices" are considered normal in all aspects of trading, if they are stopped universally would that not then kill the golden goose? Would Volatility and momentum become things of the past? Would the summer doldrums then be the norm?http://www.zerohedge.com/news/2014-0...be-allowed-cme
This is an excerpt of the story from "Zerohedge"
"It has been an interesting week for the CME: first it was revealed a week ago that in order to "stimulate" the market, the CME is willing to pay central banks a liquidity rebate in order for the world's monetary authorities to "make markets" in the most important S&P 500 future, the E-Mini, confirming not only that central banks directly trade the S&P 500, but are incentivized to nudge it along the preferred central bank direction: up. Then last week, none other than the CME's own 10-K proved that something changed in 2013, when for the first time central banks officially became counted as clients of the biggest US derivative exchange.
Today, the CME's fall from efficient market grace accelerate when it advised the CFTC that the derivative market would be adopting a new Rule 575 to eliminate "Disruptive Practices Prohibited."
The good news: starting September 15, 2014 the CME will no longer tolerate what is affectionately calls "Disruptive market practices."
The bad news: the CME was not only tolerating and turning a blind eye toward such disruptive market practices until this point, in many cases it was compensating the "liquidity providing" perpetrators!
But what are these "disruptive" market practices? Nothing short of a who's-who lexicon of terms we introduced and discussed starting some time in late 2009 and 2010. From the CME:"
For those of you who do not understand how the Big Boys screw with us over here in Spot Forex read the rest of the article as it explains in detail how they do it to us! This applies equally to Spot Forex as it does to Futures.
Cut your Losers short and let your Winners run.
