economy
Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
The information sought includes so-called Tag 50 identifiers, which can be used to determine who was behind the trades.
TL;DR
- The CFTC is investigating unusual oil futures trades that occurred minutes before President Trump's announcement about pausing attacks on Iran.
- The investigation is examining trading activity on CME Group and Intercontinental Exchange, requesting relevant records.
- Regulators are focusing on at least two instances where trading volumes surged just before key announcements.
- Information sought includes Tag 50 identifiers to determine the parties involved in the trades.
- This follows a report of suspicious activity on March 23rd involving S&P 500 e-mini and WTI crude futures.
- Senators Elizabeth Warren and Sheldon Whitehouse have urged the CFTC to investigate potential misappropriation of material nonpublic government information.