Since regulators are so busy focused on the interest rate, FX, credit derivative, and commodity market manipulations and rigging, we suspect they missed the oh so visible hand of "spoofing" that is occurring today in Crude Oil. As Nanex so brilliantly exposes (once again), large orders 'spoof' the depth of the market before disappearing entirely as liquidity approaches and demands a trade...
Crude Oil spoof algo placed 100-lot order sizes 69 times on the offer side between 10:49 and 11:34 $CL_F [4]
— Eric Scott Hunsader (@nanexllc) January 9, 2015 [5]
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Source: @NanexLLC
