CFTC Fines TFS-ICAP $7m for fake FX option market

Oh, so faking up an initial spread to start a market isn't allowed? Let me put this one out, it's not rare... CFTC fines TFS-ICAP and its managers $7m for fake FX option markets. Interestingly enough, the action comes from a whistleblower (who will be entitled 10-30% of that recovery...)

Oh, so faking up an initial spread to start a market isn’t allowed? Let me put this one out, it’s not rare… CFTC fines TFS-ICAP and its managers $7m for fake FX option markets.

Interestingly enough, the action comes from a whistleblower (who will be entitled 10-30% of that recovery…)

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