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Tower Research Settles CME Claim Over HF Wash Trades

By Jeff Sistrunk (September 22, 2014, 9:15 PM EDT) -- CME Group Inc. said Monday that Tower Research Capital LLC has agreed to settle two disciplinary actions over violations of CME and Chicago Board of Trade rules, including one regarding prohibited wash trades, shortly after Tower's Latour Trading LLC unit got a $16 million SEC fine for capital cushion failures....

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