High-Speed Trader Accused of Commodity Market ‘Spoofing’

A high-frequency trader was indicted for “spoofing,” the placing and immediate canceling of orders to manipulate commodities markets, in what the U.S. Justice Department says is the first criminal case of its kind. Michael Coscia, 52, of Rumson, New Jersey, the principal of Panther Energy Trading…

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High-Speed Trader Accused of Commodity Market ‘Spoofing’