Summary
- The US Commodity Futures Trading Commission has opened an investigation into crude futures trading that took place just before Iran-related announcements.
- The CFTC is examining possible irregular trading in crude futures on the New York Mercantile Exchange (NYMEX), part of CME Group, and Intercontinental Exchange (ICE).
- The probe is focused on cases in which futures trades worth billions of dollars surged just before Iran-related announcements by the Trump administration.
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The US Commodity Futures Trading Commission has opened an investigation into crude futures trading that took place shortly before Iran-related announcements, Bloomberg reported.
The CFTC is examining possible irregular trading in crude futures on the New York Mercantile Exchange, part of CME Group, and Intercontinental Exchange, according to Bloomberg on June 16, Korea time. The regulator has requested Tag 50 data from the exchanges to identify the entities behind the trades.
The probe centers on cases in which trading volumes surged just before Iran-related announcements by the Trump administration. On March 23, futures trades worth billions of dollars were executed about 15 minutes before the US announced a delay in strikes on Iran's energy infrastructure. A similar jump in trading was also detected just before a ceasefire announcement on April 7.
Uk Jin
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