-The Commodity Futures Trading Commission is investigating suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President Donald Trump related to the war in Iran.
-The CFTC is looking into instances where trading volumes surged shortly before major announcements, and has requested data from exchanges including the so-called Tag 50 identifications of the entities behind the trades.
-The investigation is focused on trading of oil futures contracts on platforms belonging to CME Group Inc. and Intercontinental Exchange Inc., with the CFTC able to request data directly from CME for certain trades but needing to go through the UK’s Financial Conduct Authority for others.
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bloomberg’s summary:
-The Commodity Futures Trading Commission is investigating suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President Donald Trump related to the war in Iran.
-The CFTC is looking into instances where trading volumes surged shortly before major announcements, and has requested data from exchanges including the so-called Tag 50 identifications of the entities behind the trades.
-The investigation is focused on trading of oil futures contracts on platforms belonging to CME Group Inc. and Intercontinental Exchange Inc., with the CFTC able to request data directly from CME for certain trades but needing to go through the UK’s Financial Conduct Authority for others.