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Benzinga
  • 6 minutes ago
The CFTC is examining unusual oil futures trades made minutes before Trump announced a pause in attacks on Iran. Regulators are reviewing activity on CME Group and Intercontinental Exchange venues across at least two instances of volume spikes before key announcements. Trading records including Tag 50 identifiers have been requested to identify participants. S&P 500 futures rose and crude fell immediately after Trump's post.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. derivatives regulators are examining unusual oil futures trades
00:07that occurred minutes before Trump announced a pause in attacks on Iran, according to CNBC.
00:12The Commodity Futures Trading Commission is leading the probe
00:16and is reviewing activity on CME Group and intercontinental exchange venues.
00:21The focus includes at least two instances over a two-week period
00:25when volumes surged ahead of announcements.
00:28Regulators requested trading records, including Tag 50 identifiers, to identify participants.
00:33The CFTC and intercontinental exchange declined to comment.
00:38CME said reviews should include prediction markets.
00:41Earlier reporting cited a March 23rd spike in S&P 500 E-mini
00:46and WTI crude futures volumes before Trump's post.
00:49Markets reacted immediately with S&P 500 futures rising and crude falling.
00:54For all things money, visit Benzinga.com.
00:57The CFTC and intercontinental exchange for the U.S.
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