All posts by Jay Biondo, Sales Specialist - Surveillance

I recently participated in a roundtable discussion on spoofing that became the basis for the JLN Special Report: Chicago Trading Community Faces off in Spoofing Fight.

2019 was a banner year for regulators in the futures industry. The CFTC obtained monetary relief of more than $1.3 billion from 69 enforcement actions, a 39% increase from the previous year and the fourth-highest total in CFTC history, agency officials said in its annual enforcement report. This included the largest total monetary relief ($67.4 million dollars) ever ordered in a spoofing case (see CFTC Orders Proprietary Trading Firm to Pay Record $67.4 Million for Engaging in a Manipulative and Deceptive Scheme and Spoofing).

Since launching TT Score, the financial industry’s first fully hosted, machine-learning-powered solution for trade surveillance, we’ve worked with a number of organizations across the globe to implement TT Score’s compliance surveillance capabilities.

Last year, we announced the release of the financial industry’s first fully hosted, machine-learning-powered solution for trade surveillance and compliance, TT Score (Make Surveillance Smarter and Eliminate Blind Spots With TT® Score).

The Commodity Futures Trading Commission (CFTC) brought a record 26 cases related to manipulative conduct and spoofing in the fiscal year ended September 30, 2018. Several of those civil cases were also accompanied by criminal charges filed by the Justice Department.