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Post by anenro on Nov 4, 2015 17:44:45 GMT 4
High-frequency trader Michael Coscia has become the first to be found guilty of "spoofing" commodity futures markets in a landmark criminal case for authorities attempting to clamp down on the deceptive practice.
Spoofing is rapidly placing orders with the intent to cancel them before they trade in order to trick other investors by creating the illusion of demand. The verdict may energize prosecutors to pursue other market manipulation cases and spur some high-speed traders to review their strategies.
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Post by congregatio on Nov 5, 2015 5:48:06 GMT 4
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