NEWS
High-Speed Trading Firm Fined
Mon Jul 22, 2013 12:21 PM CDT

(Dow Jones) -- Panther Energy Trading LLC, a high-speed trading firm, was fined by regulators for manipulative trading in commodity markets, in the first case using new enforcement powers the agency was given in the Dodd-Frank financial law.

The Commodity Futures Trading Commission said Monday that the firm and owner Michael J. Coscia used algorithmic trading to engage in "spoofing," placing bids and offers with the intent to cancel them before execution, for over two months in 2011.

Panther Energy agreed to a $2.8 million fine and a one-year trading ban, without admitting or denying wrongdoing.

The fine marks regulators' ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
DTN Daily Basis Comments
DTN Plains, Prairies Closing Comments
DTN's Grain Quick Takes
DTN Daily Feedstuffs Comments
Exporters Report Grain Sales
DTN Plains & Prairies Opening Comments
DTN Plains, Prairies Closing Comments
DTN Daily Feedstuffs Comments
Grain Inspections Bearish
DTN Plains & Prairies Opening Comments