As usual, it’s going to lose money on it.
Spoofing really is a magical affair.
That, of course, means another round of fines.
Of course, they’ll have a hell of a time proving it, but they just want to make themselves clear.
At least, federal prosecutors hope it is.
Namely, it's best to quit before the feds catch you spoofing.
Turns out the bank's head trader on the Treasury futures desk had a creative approach to the job.
The greater crime was that Citi's spoofers didn't even spoof all that well.
Was it all just a game?
The saga of the Flash Crash patsy plays on apace.
It's almost like this whole thing never made sense in the first place.
Eric Schneiderman is getting out his probe.