Tag: spoofing
Regulator gets tough on Spoofing
It would be nice if this were a statement related to Betfair, but hey, such is life.
This actually is a statement from regulators in financial markets. Spoofing there is consider a form of market manipulation and therefore is illegal. The deal in financial markets is if you manipulate a market to profit it’s wrong. The rationale behind this is that you are tricking people out of their money. This doesn’t add any value to the market and is a …
Worst trade ever?
I wonder if this was the worst trade ever, or maybe just a blinding cock up of some sort by somebody?
Anybody trading this market couldn’t have failed to notice the sudden appearance of a £100k order in the book. This person was desperate to get filled on the back side and the order persisted for ages. I can only speculate what happened here, as when I looked at the data I couldn’t clearly see any particular strategy behind it. …
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