Compliance Monitor
Trader spotted by surveillance algorithms appeals £100,000 fine
By Neasa MacErlean
An experienced trader is facing a £100,000 fine and a ban on regulated activity by the FCA unless he can win the appeal he
has made to the Upper Tribunal. Corrado Abbattista, chief investment officer at Fenician Capital Management, came to the notice
of the regulator when his transactions were highlighted by the surveillance algorithms it runs on order book data from the
leading United Kingdom equity trading venues.