Day: 8 November 2019

Record Fine for Tower Research as CFTC Hits Spoofers Again

The US Commodity Futures Trading Commission (CFTC) has again targeted spoofers in futures markets with two actions against firms, including a record fine for high frequency trading firm Tower Research. Tower was hit with a $67.4 million fine for failing to halt a spoofing scheme that lasted over two years and led to criminal charges […]

Estrada Joins CCP Investment Board

Luis Estrada has left UBS to join CCP Investment Board as a portfolio manager. Estrada had spent over two years at UBS in New York, where he was an executive director and head of macro trading for Latin America.  In this role Estrada relaunched macro trading in FX and rates at the bank and led […]