An Elegant Solution to PFOF and Related Perversions
As Payment-for-Order-Flow (PFOF) is coming under increased scrutiny in both the US and EU, professional trading chiefs propose a unique solution of their own
Source: ibtimes.com
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Daniel Schlaepfer issues statement regarding the outcome of Daniel Schlaepfer vs. Australian Securities and Investments Commission (ASIC) appeal
TORONTO, July 1, 2021 /PRNewswire/ — The below is a statement released on behalf of Daniel Schlaepfer following today’s verdict on his appeal. Mr. Schlaepfer is pleased that ASIC’s truth defence has been struck down, rejecting the finding that Select Vantage Inc. (SVI) traders had engaged in market manipulation. The judgment concluded that: " Although Mr Schlaepfer has been unsuccessful in the outcome of the appeal, he has been successful on most issues including the defence of truth, which occupied a substantial portion of the proceedings. That success has achieved what was said to ...
Source: fnarena.com