“Hard on the heels of charges against a trader who authorities say helped spark 2010’s "flash crash," the Chicago Mercantile Exchange disciplined two gold and silver futures traders for allegedly engaging in the same kind of market manipulation.
The CME on Thursday announced a 60-day ban for traders Heet Khara and Nasim Salim for allegedly colluding to use the disruptive strategy known as “layering.” The traders “repeatedly entered orders or layered multiple orders for gold and silver futures contracts without the intent to trade,” the CME said in a pair of notices.”
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