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CFTC vs DRW on December 1

Thursday, November 3, 2016 14:03
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DRW, one of the biggest traders in derivatives markets, is meeting its regulator in the courtroom.

The Chicago-based proprietary trading firm led by Don Wilson had asked a judge to dismiss market manipulation charges brought by the Commodity Futures Trading Commission, after a different judge took over the case in October.

DRW has attracted sympathetic briefs from futures exchanges and financial lobbying groups who contend the CFTC warped the legal standard for price manipulation to make its case.

The trial is scheduled to begin December 1.

Story by ProactiveInvestors


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