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Archive Home > 2009 > September > 04 > Trading practice scrutinized

Trading practice scrutinized

Regulators say company manipulated oil prices with computerized ‘high-frequency trading’

By Landon Thomas Jr. / The Bulletin
September 4, 2009

LONDON — Its super-fast, super-secret oil trading software was called the Hammer.

And if the U.S. Commodity Futures Trading Commission is right, the name fit well with an intricate scheme that allowed commodity traders in Chicago working for Optiver, a little-known company based in Amsterdam, to....

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