The US Justice Department has just launched an investigation into the manipulation of cryptocurrency prices.  According to Bloomberg : “The illicit tactics that the Justice Department is looking into include spoofing and wash trading — forms of cheating that regulators have spent years trying to root out of futures and equities markets, the people said. In spoofing, a trader submits a spate of orders and then cancels them once prices move in a desired direction. Wash trades involve a cheater trading with herself to give a false impression of market demand that lures other to dive in too. Coins prosecutors are examining include (more…)

  Themis Trading is excited to welcome Tyler Platte as our new Head of Sales . Tyler has been a buyside trader nearly his entire career in our industry. He has worked at Scudder Stevens & Clark, Westpeak Global Advisors, and most recently (for the last decade) at Rainier Investment Management where he served most recently as its Director of Global Trading. At Rainier, Tyler developed best fit customized TCA utilizing time stamp and order size information from both OMS and EMS to provide execution venue and broker analysis. He also developed customized DMA order routing and strategies utilizing specific order types, (more…)