Nick Leeson warns Hong Kong of Shanghai stock connect’s ‘rogue trading’ risks

From South China Morning Post –

“Conditions ripe for market manipulation, says the trader who brought down Barings.

Rogue trader Nick Leeson says the surge in trading volume and rapid pace of regulatory change around the Shanghai-Hong Kong stock connect have created conditions ripe for market manipulation.

The trader who famously broke Barings Bank in 1995 by making unauthorised bets on the futures markets in Singapore said the explosive pace of change had likely created a mismatch in available information to stock market dealers and regulators.”

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Two Futures Traders Banned From CME Following 'Flash Crash' Trader Navinder Sarao's Arrest

From International Business Times –

“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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