Futex director backs the introduction of an integrity time delay
A director at the prop firm
that trained the British futures trader
arrested over US market manipulation last month has said an
industry-wide culture change is required to improve
transparency in futures trading.
Director of business
development for prop trader training academy at Futex, Dan
Goldberg, told FOW implementation of an 'Integrity Time
Delay’ could go some way to help this culture
"To combat the issues [of
layering and spoofing practices] the market needs a solution.
Implementing an integrity time delay could possibly work to
improve transparency in the market. It would make no difference
to a standard day trader or a legitimate market participant.
All of our bids and offers are typically there for more than
half a second.
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