HFT firms often bear cost of market abuse, experts say

The U.K.'s Financial Conduct Authority, the U.S. Commodity Futures Trading Commission and CME Group have teamed up to fine a high-frequency-trading firm accused of manipulative commodity trading. The situation has raised questions, particularly about who is most affected by such activity. "It is often the case that HFT firms are the ones who bear the cost of market abuse, as perpetrators try to fool our trading algorithms," said Remco Lenterman, head of FIA's European Principal Traders Association. The penalty also indicates that regulators intend to vigorously enforce anti-spoofing rules, experts say.

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