Page 27 - 期货和衍生品行业监管动态（2023年9月刊）
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期货和衍生品行业监管动态
Case Background
The complaint alleges Serotta was spoofing (bidding or offering with the intent to
cancel the bid or offer before execution) from approximately January 2020 through
April 2020. According to the complaint, he would place hundreds of large orders for
crude oil and natural gas futures–specifically, calendar spreads–he intended to cancel
before execution (spoof orders), while placing orders on the opposite side of the same
futures markets (genuine orders) that would benefit from market participants’ reactions
to his spoof orders.
By placing the spoof orders, Serotta allegedly deceived other traders about supply
and demand, misleading market participants about the likely direction of the
commodity’s price, which made Serotta’s genuine orders appear more attractive to
market participants and allowed Serotta to execute his genuine orders in larger
quantities and at better prices than he would have without the spoof orders. The
complaint further alleges that, by this conduct, Serotta and Logista failed to diligently
supervise the fund’s trading and violated a 2017 CFTC order that found a supervision
failure stemming from prior instances of spoofing at Logista. [See CFTC Press Release
No. 7623-17]
https://www.cftc.gov/PressRoom/PressReleases/8773-23
6. 美国商品期货交易委员会对提供非法数字资产衍生品交易的三家 DeFi 协议
运营商签发行政令（2023 年 9 月 7 日）
美国商品期货交易委员会（CFTC）签发行政令，对 Opyn, Inc.（位于加利福
尼亚州的特拉华州注册公司）、ZeroEx, Inc.（位于加利福尼亚州的特拉华州公司）、
Deridex, Inc.（位于北卡罗来纳州的特拉华州公司）提出指控并同时达成和解，继
续其在数字资产去中心化金融（DeFi）领域的执法重点。
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