06Aug

FINRA Fines Citadel As Documents Reveal Extent of Issue

Financial Industry Regulatory Authority is reported to have fined a unit of Chicago-based Citadel Investments $800,000 for erroneous orders sent to other exchanges.


FINRA: Citadel's orders were mis-priced or duplicated
Reuters is reporting that from March 18, 2010 to January 8, 2013 Citadel did not have in place a supervisory . . .

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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