Ontario Agriculture

The network for agriculture in Ontario, Canada

Found this and just curious about the validity of the article.

Fact or fiction?  If it is fact, what are the implications?

Lawsuit Stunner: Half of Futures Trades in Chicago Are Illegal Wash Trade

http://wallstreetonparade.com/2014/07/lawsuit-stunner-half-of-futur...

excerpt:

"The most stunning allegation in the lawsuit is that an estimated 50 percent of all trading on the Chicago Mercantile Exchange is derived from illegal wash trades."

"Wash trades were a practice by the Wall Street pool operators that rigged the late 1920s stock market, leading to the great stock market crash from 1929 through 1932 and the Great Depression. Wash trades occur when the same beneficial owner is both the buyer and the seller.  Wash trades are banned under United States law because they can falsely suggest volume and price movement."

Views: 91

Reply to This

Replies to This Discussion

I don't know much about the commodity exchanges but I would hope with their importance that the government watchdogs would  be providing significant oversight to eliminate these types of illegal practices.

Thanks for sharing this post, I am going to do some reading on the topic.

Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

ONTARIO FIELD CROP REPORT – April 19, 2018

The 2018 season is obviously off to a slow start following a significant storm system that brought freezing rain, ice pellets and snow to much of the province on the April 14th weekend. As of April 18th, it’s easy to find fields that are still snow covered (Figure 1). The weather and soil conditions will eventually turn more favourable and when it does field activities will begin at a rapid pace. The following is an overview of where crop conditions are at so far and management considerations for the upcoming 2018 crop.

Ontario family faces farmland expropriation

A farming family from Milton, Ont., is concerned about the future of its beef operation.

Lumiderm insecticide seed treatment now registered for soybeans

Delivers broad-spectrum, early-season protection against bean leaf beetle and soybean aphid

AMI offers new and existing programs to benefit farmers

Farmers and agri-food businesses can take advantage of many resources under the Canadian Agricultural Partnership (CAP).

Ridgetown Ag Breakfast Meeting Minutes – April 10, 2018

There is snow on the ground again this morning. Generally the winter wheat crop looks good. Cold temperatures persist so growth has been limited. Some nitrogen has been applied and most of the red clover is on the wheat.

© 2018   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service