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Japan Considers Tighter Oversight to Avoid Bond Market ‘Spoofing'

Japan Considers Tighter Oversight to Avoid Bond Market ‘Spoofing'

Bloomberg4 days ago
Japan's financial industry is looking to tighten oversight of trading in government bond futures, after Nomura Holdings Inc. joined a list of brokerages fined for manipulating the instruments.
The Japan Securities Dealers Association and Japan Exchange Group Inc. are discussing ways to prevent a banned trade known as spoofing, their officials said, asking not to be identified because the matter is private. They are considering revising a guideline for reviewing trading in Japanese government bond futures and other derivatives, as well as offering more thorough training for financial firms, the officials added.
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