The world’s largest futures contract exchange CME Group Inc. on Thursday barred two traders from its markets for life in its first use of an “anti-spoofing” rule put into place in 2014.
CME Group, which is a self-regulatory organization, created the rule in response to the Dodd-Frank financial reform that specifically barred “spoofing,” an attempt to manipulate the market by placing bids or orders that are never intended to trade.
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